JPMorgan Nasdaq Equity Premium Income ETF Tokenized Stock (Reality) vs Tether Gold

Tether Gold (XAUT) is 101457.3× the size of JPMorgan Nasdaq Equity Premium Income ETF Tokenized Stock (Reality) (RJEPQ) by market capitalisation. Their daily returns move barely together (correlation 0.03 across 25 shared trading days). XAUT has been the more volatile of the two, at 24% annualised against RJEPQ's 13%.

Correlation: 0.03
Size ratio: 1 : 101457.3

JPMorgan Nasdaq Equity Premium Income ETF Tokenized Stock (Reality)RJEPQ

$56.7300

24h: +1.44%
Market cap: $32,701
Volume 24h: $2,000
Volatility (ann.): 13%

Tether GoldXAUT

$4,105.44

24h: +1.88%
Market cap: $3.32B
Volume 24h: $330.23M
Volatility (ann.): 24%

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

Performance

RJEPQXAUT

7 days-1.63%+0.05%XAUT
30 days-1.84%-2.08%RJEPQ
90 days—-4.40%—

Correlation

0.03over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0390d: 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	RJEPQ	XAUT
Max drawdown (400d)	-4.2%	-19.4%
Risk-adjusted return (90d)	-0.14	-0.20

Relative strength over 90 days: RJEPQ outperformed XAUT by 4.0% — measured on the RJEPQ/XAUT ratio, so it holds regardless of market direction.

JPMorgan Nasdaq Equity Premium Income ETF Tokenized Stock (Reality) →Tether Gold →