GraniteShares 2X Long INTC ETF (bStocks Tokenized Stock) vs Tether Gold

Tether Gold (XAUT) is 4432.6× the size of GraniteShares 2X Long INTC ETF (bStocks Tokenized Stock) (INTWB) by market capitalisation. Over the past 90 days, XAUT is ahead by 65.6 percentage points (INTWB -73.2% against XAUT -7.6%). Their daily returns move barely together (correlation 0.21 across 105 shared trading days). INTWB has been the more volatile of the two, at 180% annualised against XAUT's 24%.

Correlation: 0.21
Size ratio: 1 : 4432.6
Ahead over 90 days: XAUT

GraniteShares 2X Long INTC ETF (bStocks Tokenized Stock)INTWB

$6.3100

24h: -3.09%
Market cap: $735,289
Volume 24h: $198,135
Volatility (ann.): 180%

Tether GoldXAUT

$4,033.02

24h: +3.41%
Market cap: $3.26B
Volume 24h: $264.22M
Volatility (ann.): 24%

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

Performance

INTWBXAUT

7 days-65.10%-3.11%XAUT
30 days-78.67%-5.07%XAUT
90 days-73.19%-7.64%XAUT

Correlation

0.21over 105 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3490d: 0.211y: 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	INTWB	XAUT
Max drawdown (400d)	-82.1%	-19.4%
Risk-adjusted return (90d)	-0.45	-0.36

Relative strength over 90 days: XAUT outperformed INTWB by 71.0% — measured on the INTWB/XAUT ratio, so it holds regardless of market direction.

GraniteShares 2X Long INTC ETF (bStocks Tokenized Stock) →Tether Gold →