iShares MSCI South Korea ETF Tokenized Stock (Reality) vs Tether Gold

Tether Gold (XAUT) is 5123.6× the size of iShares MSCI South Korea ETF Tokenized Stock (Reality) (REWY) by market capitalisation. Their daily returns move loosely together (correlation 0.36 across 25 shared trading days). REWY has been the more volatile of the two, at 44% annualised against XAUT's 24%.

Correlation: 0.36
Size ratio: 1 : 5123.6

iShares MSCI South Korea ETF Tokenized Stock (Reality)REWY

$148.5200

24h: -1.72%
Market cap: $646,818
Volume 24h: $817
Volatility (ann.): 44%

Tether GoldXAUT

$4,098.84

24h: +3.15%
Market cap: $3.31B
Volume 24h: $329.79M
Volatility (ann.): 24%

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

Performance

REWYXAUT

7 days-8.19%+0.05%XAUT
30 days-0.14%-2.08%REWY
90 days—-4.40%—

Correlation

0.36over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3690d: 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	REWY	XAUT
Max drawdown (400d)	-8.6%	-19.4%
Risk-adjusted return (90d)	0.00	-0.20

Relative strength over 90 days: REWY outperformed XAUT by 2.2% — measured on the REWY/XAUT ratio, so it holds regardless of market direction.

iShares MSCI South Korea ETF Tokenized Stock (Reality) →Tether Gold →