Etherfuse TESOURO vs Tether Gold

Tether Gold (XAUT) is 9612.9× the size of Etherfuse TESOURO (TESOURO) by market capitalisation. Over the past 90 days, TESOURO is ahead by 1.4 percentage points (TESOURO -3.0% against XAUT -4.4%). Their daily returns move barely together (correlation 0.04 across 144 shared trading days). TESOURO has been the more volatile of the two, at 9141114% annualised against XAUT's 24%.

Correlation: 0.04
Size ratio: 1 : 9612.9
Ahead over 90 days: TESOURO

Etherfuse TESOUROTESOURO

$0.232945

24h: +0.27%
Market cap: $344,752
Volume 24h: $22,466
Volatility (ann.): 9141114%

Tether GoldXAUT

$4,097.88

24h: +3.15%
Market cap: $3.31B
Volume 24h: $329.79M
Volatility (ann.): 24%

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

Performance

TESOUROXAUT

7 days-3.47%+0.05%XAUT
30 days-3.27%-2.08%XAUT
90 days-3.04%-4.40%TESOURO

Correlation

0.04over 144 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0990d: 0.051y: 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	TESOURO	XAUT
Max drawdown (400d)	-100.0%	-19.4%
Risk-adjusted return (90d)	0.00	-0.20

Relative strength over 90 days: TESOURO outperformed XAUT by 7.0% — measured on the TESOURO/XAUT ratio, so it holds regardless of market direction.

Etherfuse TESOURO →Tether Gold →