Invesco S&P 500 Momentum ETF Tokenized Stock (Reality) vs Tether Gold

Tether Gold (XAUT) is 61839.6× the size of Invesco S&P 500 Momentum ETF Tokenized Stock (Reality) (RSPMO) by market capitalisation. Their daily returns move loosely together (correlation 0.53 across 25 shared trading days). XAUT has been the more volatile of the two, at 24% annualised against RSPMO's 15%.

Correlation: 0.53
Size ratio: 1 : 61839.6

Invesco S&P 500 Momentum ETF Tokenized Stock (Reality)RSPMO

$133.9300

24h: +1.57%
Market cap: $53,455
Volume 24h: $21
Volatility (ann.): 15%

Tether GoldXAUT

$4,088.58

24h: +0.89%
Market cap: $3.31B
Volume 24h: $405.18M
Volatility (ann.): 24%

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

Performance

RSPMOXAUT

7 days-1.14%+0.05%XAUT
30 days+5.46%-2.08%RSPMO
90 days—-4.40%—

Correlation

0.53over 25 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	RSPMO	XAUT
Max drawdown (400d)	-1.4%	-19.4%
Risk-adjusted return (90d)	0.37	-0.20

Relative strength over 90 days: RSPMO outperformed XAUT by 8.3% — measured on the RSPMO/XAUT ratio, so it holds regardless of market direction.

Invesco S&P 500 Momentum ETF Tokenized Stock (Reality) →Tether Gold →