iShares Semiconductor ETF Tokenized Stock (Reality) vs Tether Gold

Tether Gold (XAUT) is 3430.2× the size of iShares Semiconductor ETF Tokenized Stock (Reality) (RSOXX) by market capitalisation. Their daily returns move loosely together (correlation 0.39 across 25 shared trading days). RSOXX has been the more volatile of the two, at 34% annualised against XAUT's 24%.

Correlation: 0.39
Size ratio: 1 : 3430.2

iShares Semiconductor ETF Tokenized Stock (Reality)RSOXX

$444.6300

24h: -2.30%
Market cap: $969,312
Volume 24h: $318,679
Volatility (ann.): 34%

Tether GoldXAUT

$4,110.4

24h: +4.44%
Market cap: $3.32B
Volume 24h: $295.08M
Volatility (ann.): 24%

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

Performance

RSOXXXAUT

7 days-4.51%+0.05%XAUT
30 days+12.78%-2.08%RSOXX
90 days—-4.40%—

Correlation

0.39over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3990d: 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	RSOXX	XAUT
Max drawdown (400d)	-4.8%	-19.4%
Risk-adjusted return (90d)	0.38	-0.20

Relative strength over 90 days: RSOXX outperformed XAUT by 15.4% — measured on the RSOXX/XAUT ratio, so it holds regardless of market direction.

iShares Semiconductor ETF Tokenized Stock (Reality) →Tether Gold →