iShares 20+ Year Treasury Bond ETF Tokenized Stock (Reality) vs Tether Gold

Tether Gold (XAUT) is 28593.5× the size of iShares 20+ Year Treasury Bond ETF Tokenized Stock (Reality) (RTLT) by market capitalisation. Their daily returns move loosely together (correlation 0.46 across 25 shared trading days). XAUT has been the more volatile of the two, at 24% annualised against RTLT's 13%.

Correlation: 0.46
Size ratio: 1 : 28593.5

iShares 20+ Year Treasury Bond ETF Tokenized Stock (Reality)RTLT

$82.1600

24h: +0.83%
Market cap: $116,442
Volume 24h: $137,104
Volatility (ann.): 13%

Tether GoldXAUT

$4,117.42

24h: +4.75%
Market cap: $3.33B
Volume 24h: $309.60M
Volatility (ann.): 24%

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

Performance

RTLTXAUT

7 days+0.13%+0.05%RTLT
30 days-3.79%-2.08%XAUT
90 days—-4.40%—

Correlation

0.46over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4690d: 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	RTLT	XAUT
Max drawdown (400d)	-5.7%	-19.4%
Risk-adjusted return (90d)	-0.28	-0.20

Relative strength over 90 days: XAUT outperformed RTLT by 1.6% — measured on the RTLT/XAUT ratio, so it holds regardless of market direction.

iShares 20+ Year Treasury Bond ETF Tokenized Stock (Reality) →Tether Gold →