iShares Core S&P 500 ETF Tokenized Stock (Reality) vs Tether Gold

Tether Gold (XAUT) is 244599.1× the size of iShares Core S&P 500 ETF Tokenized Stock (Reality) (RIVV) by market capitalisation. Their daily returns move loosely together (correlation 0.45 across 26 shared trading days). XAUT has been the more volatile of the two, at 24% annualised against RIVV's 11%.

Correlation: 0.45
Size ratio: 1 : 244599.1

iShares Core S&P 500 ETF Tokenized Stock (Reality)RIVV

$768.5600

24h: +2.34%
Market cap: $13,579
Volume 24h: $591
Volatility (ann.): 11%

Tether GoldXAUT

$4,110.22

24h: +2.10%
Market cap: $3.32B
Volume 24h: $328.71M
Volatility (ann.): 24%

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

Performance

RIVVXAUT

7 days-1.23%+0.05%XAUT
30 days+1.53%-2.08%RIVV
90 days—-4.40%—

Correlation

0.45over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4590d: 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	RIVV	XAUT
Max drawdown (400d)	-1.5%	-19.4%
Risk-adjusted return (90d)	0.14	-0.20

Relative strength over 90 days: RIVV outperformed XAUT by 4.7% — measured on the RIVV/XAUT ratio, so it holds regardless of market direction.

iShares Core S&P 500 ETF Tokenized Stock (Reality) →Tether Gold →