LAKE vs Tether Gold

Tether Gold (XAUT) is 2327.4× the size of LAKE (LAK3) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.02 across 40 shared trading days). LAK3 has been the more volatile of the two, at 513% annualised against XAUT's 24%.

Correlation: -0.02
Size ratio: 1 : 2327.4

LAKELAK3

$0.005316

24h: -6.68%
Market cap: $1.41M
Volume 24h: $331
Volatility (ann.): 513%

Tether GoldXAUT

$4,051.03

24h: +3.17%
Market cap: $3.28B
Volume 24h: $257.98M
Volatility (ann.): 24%

LAK3 0.0%Share of the two combined market caps100.0% XAUT

Performance

LAK3XAUT

7 days+6.89%-3.11%LAK3
30 days+17.36%-5.07%LAK3
90 days—-7.64%—

Correlation

-0.02over 40 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0590d: 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	LAK3	XAUT
Max drawdown (400d)	-59.1%	-19.4%
Risk-adjusted return (90d)	-0.07	-0.36

Relative strength over 90 days: XAUT outperformed LAK3 by 25.8% — measured on the LAK3/XAUT ratio, so it holds regardless of market direction.

LAKE →Tether Gold →