Direxion MU Bull 2X ETF (bStocks Tokenized Stock) vs Tether Gold

Tether Gold (XAUT) is 1028.6× the size of Direxion MU Bull 2X ETF (bStocks Tokenized Stock) (MUUB) by market capitalisation. Over the past 90 days, XAUT is ahead by 7.1 percentage points (MUUB -14.7% against XAUT -7.6%). Their daily returns move barely together (correlation 0.17 across 105 shared trading days). MUUB has been the more volatile of the two, at 163% annualised against XAUT's 24%.

Correlation: 0.17
Size ratio: 1 : 1028.6
Ahead over 90 days: XAUT

Direxion MU Bull 2X ETF (bStocks Tokenized Stock)MUUB

$23.0400

24h: -1.12%
Market cap: $3.17M
Volume 24h: $653,879
Volatility (ann.): 163%

Tether GoldXAUT

$4,034.13

24h: +3.51%
Market cap: $3.26B
Volume 24h: $259.69M
Volatility (ann.): 24%

MUUB 0.1%Share of the two combined market caps99.9% XAUT

Performance

MUUBXAUT

7 days-17.80%-3.11%XAUT
30 days-39.11%-5.07%XAUT
90 days-14.74%-7.64%XAUT

Correlation

0.17over 105 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1490d: 0.241y: 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	MUUB	XAUT
Max drawdown (400d)	-46.3%	-19.4%
Risk-adjusted return (90d)	-0.12	-0.36

Relative strength over 90 days: XAUT outperformed MUUB by 7.7% — measured on the MUUB/XAUT ratio, so it holds regardless of market direction.

Direxion MU Bull 2X ETF (bStocks Tokenized Stock) →Tether Gold →