Global X Copper Miners ETF Tokenized Stock (Reality) vs Tether Gold

Tether Gold (XAUT) is 64318.5× the size of Global X Copper Miners ETF Tokenized Stock (Reality) (RCOPX) by market capitalisation. Their daily returns move loosely together (correlation 0.51 across 25 shared trading days). RCOPX has been the more volatile of the two, at 36% annualised against XAUT's 24%.

Correlation: 0.51
Size ratio: 1 : 64318.5

Global X Copper Miners ETF Tokenized Stock (Reality)RCOPX

$75.4900

24h: +6.36%
Market cap: $51,178
Volume 24h: $802
Volatility (ann.): 36%

Tether GoldXAUT

$4,071.4

24h: +0.91%
Market cap: $3.29B
Volume 24h: $388.31M
Volatility (ann.): 24%

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

Performance

RCOPXXAUT

7 days-1.63%+0.05%XAUT
30 days+0.35%-2.08%RCOPX
90 days—-4.40%—

Correlation

0.51over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5190d: 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	RCOPX	XAUT
Max drawdown (400d)	-8.7%	-19.4%
Risk-adjusted return (90d)	0.01	-0.20

Relative strength over 90 days: RCOPX outperformed XAUT by 3.4% — measured on the RCOPX/XAUT ratio, so it holds regardless of market direction.

Global X Copper Miners ETF Tokenized Stock (Reality) →Tether Gold →