GraniteShares 2x Long COIN Daily ETF Tokenized Stock (Reality) vs Tether Gold

Tether Gold (XAUT) is 19520.6× the size of GraniteShares 2x Long COIN Daily ETF Tokenized Stock (Reality) (RCONL) by market capitalisation. Their daily returns move loosely together (correlation 0.39 across 25 shared trading days). RCONL has been the more volatile of the two, at 130% annualised against XAUT's 24%.

Correlation: 0.39
Size ratio: 1 : 19520.6

GraniteShares 2x Long COIN Daily ETF Tokenized Stock (Reality)RCONL

$3.5700

24h: +13.03%
Market cap: $167,899
Volume 24h: $22,693
Volatility (ann.): 130%

Tether GoldXAUT

$4,053.5

24h: -1.13%
Market cap: $3.28B
Volume 24h: $403.37M
Volatility (ann.): 24%

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

Performance

RCONLXAUT

7 days-10.89%+1.67%XAUT
30 days-2.39%-2.25%XAUT
90 days—-5.95%—

Correlation

0.39over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3990d: 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	RCONL	XAUT
Max drawdown (400d)	-27.9%	-19.4%
Risk-adjusted return (90d)	-0.02	-0.27

Relative strength over 90 days: XAUT outperformed RCONL by 0.1% — measured on the RCONL/XAUT ratio, so it holds regardless of market direction.

GraniteShares 2x Long COIN Daily ETF Tokenized Stock (Reality) →Tether Gold →