Invesco NASDAQ 100 ETF Tokenized Stock (Reality) vs Tether Gold

Tether Gold (XAUT) is 48078.5× the size of Invesco NASDAQ 100 ETF Tokenized Stock (Reality) (RQQQM) by market capitalisation. Their daily returns move loosely together (correlation 0.39 across 25 shared trading days). XAUT has been the more volatile of the two, at 24% annualised against RQQQM's 16%.

Correlation: 0.39
Size ratio: 1 : 48078.5

Invesco NASDAQ 100 ETF Tokenized Stock (Reality)RQQQM

$282.4200

24h: +1.72%
Market cap: $69,007
Volume 24h: $13,655
Volatility (ann.): 16%

Tether GoldXAUT

$4,107.41

24h: +1.88%
Market cap: $3.32B
Volume 24h: $330.23M
Volatility (ann.): 24%

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

Performance

RQQQMXAUT

7 days-0.29%+0.05%XAUT
30 days+6.11%-2.08%RQQQM
90 days—-4.40%—

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	RQQQM	XAUT
Max drawdown (400d)	-1.7%	-19.4%
Risk-adjusted return (90d)	0.37	-0.20

Relative strength over 90 days: RQQQM outperformed XAUT by 8.6% — measured on the RQQQM/XAUT ratio, so it holds regardless of market direction.

Invesco NASDAQ 100 ETF Tokenized Stock (Reality) →Tether Gold →