iShares 0-3 Month Treasury Bond ETF Tokenized Stock (Reality) vs Tether Gold

Tether Gold (XAUT) is 18306.0× the size of iShares 0-3 Month Treasury Bond ETF Tokenized Stock (Reality) (RSGOV) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.03 across 25 shared trading days). XAUT has been the more volatile of the two, at 24% annualised against RSGOV's 2%.

Correlation: -0.03
Size ratio: 1 : 18306.0

iShares 0-3 Month Treasury Bond ETF Tokenized Stock (Reality)RSGOV

$100.3900

24h: +0.07%
Market cap: $180,667
Volume 24h: $31,141
Volatility (ann.): 2%

Tether GoldXAUT

$4,089.08

24h: +0.92%
Market cap: $3.31B
Volume 24h: $403.79M
Volatility (ann.): 24%

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

Performance

RSGOVXAUT

7 days-0.01%+0.05%XAUT
30 days-0.06%-2.08%RSGOV
90 days—-4.40%—

Correlation

-0.03over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0390d: 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	RSGOV	XAUT
Max drawdown (400d)	-0.3%	-19.4%
Risk-adjusted return (90d)	-0.04	-0.20

Relative strength over 90 days: RSGOV outperformed XAUT by 2.3% — measured on the RSGOV/XAUT ratio, so it holds regardless of market direction.

iShares 0-3 Month Treasury Bond ETF Tokenized Stock (Reality) →Tether Gold →