Invesco QQQ Trust, Series 1 (Dinari Tokenized ETF) vs Tether Gold

Tether Gold (XAUT) is 29301.1× the size of Invesco QQQ Trust, Series 1 (Dinari Tokenized ETF) (QQQ) by market capitalisation. Their daily returns move loosely together (correlation 0.53 across 28 shared trading days). XAUT has been the more volatile of the two, at 24% annualised against QQQ's 15%.

Correlation: 0.53
Size ratio: 1 : 29301.1

Invesco QQQ Trust, Series 1 (Dinari Tokenized ETF)QQQ

$687.0800

24h: +1.70%
Market cap: $113,169
Volume 24h: $2,181
Volatility (ann.): 15%

Tether GoldXAUT

$4,090.39

24h: +1.88%
Market cap: $3.32B
Volume 24h: $349.65M
Volatility (ann.): 24%

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

Performance

QQQXAUT

7 days+0.55%+0.05%QQQ
30 days+4.50%-2.08%QQQ
90 days—-4.40%—

Correlation

0.53over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5390d: 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	QQQ	XAUT
Max drawdown (400d)	-1.9%	-19.4%
Risk-adjusted return (90d)	0.29	-0.20

Relative strength over 90 days: QQQ outperformed XAUT by 12.8% — measured on the QQQ/XAUT ratio, so it holds regardless of market direction.

Invesco QQQ Trust, Series 1 (Dinari Tokenized ETF) →Tether Gold →