KlimaDAO [OLD] (KLIMA) and Tether Gold (XAUT) compared side by side. Their daily returns move loosely together (correlation 0.51 across 30 shared trading days). KLIMA has been the more volatile of the two, at 89% annualised against XAUT's 24%.
KLIMAXAUT
0.51over 30 shared trading days
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.
| Metric | KLIMA | XAUT |
|---|---|---|
| Max drawdown (400d) | -24.6% | -19.4% |
| Risk-adjusted return (90d) | -0.19 | -0.36 |
Relative strength over 90 days: XAUT outperformed KLIMA by 12.1% — measured on the KLIMA/XAUT ratio, so it holds regardless of market direction.