Direxion Daily Semiconductor Bull 3X ETF (Dinari Tokenized ETF) vs Tether Gold

Tether Gold (XAUT) is 739898.7× the size of Direxion Daily Semiconductor Bull 3X ETF (Dinari Tokenized ETF) (SOXL) by market capitalisation. Their daily returns move loosely together (correlation 0.45 across 26 shared trading days). SOXL has been the more volatile of the two, at 126% annualised against XAUT's 24%.

Correlation: 0.45
Size ratio: 1 : 739898.7

Direxion Daily Semiconductor Bull 3X ETF (Dinari Tokenized ETF)SOXL

$69.7700

24h: -2.18%
Market cap: $4,480
Volume 24h: $68,806
Volatility (ann.): 126%

Tether GoldXAUT

$4,106.38

24h: +3.72%
Market cap: $3.31B
Volume 24h: $280.57M
Volatility (ann.): 24%

SOXL 0.0%Share of the two combined market caps100.0% XAUT

Performance

SOXLXAUT

7 days+8.30%+0.05%SOXL
30 days+53.71%-2.08%SOXL
90 days—-4.40%—

Correlation

0.45over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4590d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	SOXL	XAUT
Max drawdown (400d)	-19.4%	-19.4%
Risk-adjusted return (90d)	0.43	-0.20

Relative strength over 90 days: SOXL outperformed XAUT by 66.0% — measured on the SOXL/XAUT ratio, so it holds regardless of market direction.

Direxion Daily Semiconductor Bull 3X ETF (Dinari Tokenized ETF) →Tether Gold →