KraneShares CSI China Internet ETF Tokenized Stock (Reality) vs Tether Gold

Tether Gold (XAUT) is 52153.3× the size of KraneShares CSI China Internet ETF Tokenized Stock (Reality) (RKWEB) by market capitalisation. Their daily returns move loosely together (correlation 0.38 across 25 shared trading days). RKWEB has been the more volatile of the two, at 28% annualised against XAUT's 24%.

Correlation: 0.38
Size ratio: 1 : 52153.3

KraneShares CSI China Internet ETF Tokenized Stock (Reality)RKWEB

$24.7100

24h: +6.82%
Market cap: $63,149
Volume 24h: $270,696
Volatility (ann.): 28%

Tether GoldXAUT

$4,070.74

24h: +0.69%
Market cap: $3.29B
Volume 24h: $414.46M
Volatility (ann.): 24%

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

Performance

RKWEBXAUT

7 days+0.43%+0.05%RKWEB
30 days-5.37%-2.08%XAUT
90 days—-4.40%—

Correlation

0.38over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3890d: 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	RKWEB	XAUT
Max drawdown (400d)	-9.3%	-19.4%
Risk-adjusted return (90d)	-0.19	-0.20

Relative strength over 90 days: XAUT outperformed RKWEB by 0.5% — measured on the RKWEB/XAUT ratio, so it holds regardless of market direction.

KraneShares CSI China Internet ETF Tokenized Stock (Reality) →Tether Gold →