iShares Russell 2000 ETF Tokenized Stock (Reality) vs Tether Gold

Tether Gold (XAUT) is 138679.4× the size of iShares Russell 2000 ETF Tokenized Stock (Reality) (RIWM) by market capitalisation. Their daily returns move loosely together (correlation 0.43 across 25 shared trading days). XAUT has been the more volatile of the two, at 24% annualised against RIWM's 12%.

Correlation: 0.43
Size ratio: 1 : 138679.4

iShares Russell 2000 ETF Tokenized Stock (Reality)RIWM

$283.8900

24h: +2.03%
Market cap: $23,736
Volume 24h: $11,382
Volatility (ann.): 12%

Tether GoldXAUT

$4,071.4

24h: +0.91%
Market cap: $3.29B
Volume 24h: $388.31M
Volatility (ann.): 24%

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

Performance

RIWMXAUT

7 days-1.30%+0.05%XAUT
30 days-2.48%-2.08%XAUT
90 days—-4.40%—

Correlation

0.43over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4390d: 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	RIWM	XAUT
Max drawdown (400d)	-3.4%	-19.4%
Risk-adjusted return (90d)	-0.21	-0.20

Relative strength over 90 days: XAUT outperformed RIWM by 0.2% — measured on the RIWM/XAUT ratio, so it holds regardless of market direction.

iShares Russell 2000 ETF Tokenized Stock (Reality) →Tether Gold →