Leverage Shares 2X Short SpaceX Daily ETF Tokenized Stock (Reality) vs Tether Gold

Tether Gold (XAUT) is 885492.6× the size of Leverage Shares 2X Short SpaceX Daily ETF Tokenized Stock (Reality) (RSSPC) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.21 across 25 shared trading days). RSSPC has been the more volatile of the two, at 113% annualised against XAUT's 24%.

Correlation: -0.21
Size ratio: 1 : 885492.6

Leverage Shares 2X Short SpaceX Daily ETF Tokenized Stock (Reality)RSSPC

$10.6500

24h: +6.98%
Market cap: $3,686
Volume 24h: $589,238
Volatility (ann.): 113%

Tether GoldXAUT

$4,036.65

24h: -1.67%
Market cap: $3.26B
Volume 24h: $336.43M
Volatility (ann.): 24%

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

Performance

RSSPCXAUT

7 days+9.64%+1.67%RSSPC
30 days-26.98%-2.25%XAUT
90 days—-5.95%—

Correlation

-0.21over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2190d: 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	RSSPC	XAUT
Max drawdown (400d)	-34.2%	-19.4%
Risk-adjusted return (90d)	-0.24	-0.27

Relative strength over 90 days: XAUT outperformed RSSPC by 24.8% — measured on the RSSPC/XAUT ratio, so it holds regardless of market direction.

Leverage Shares 2X Short SpaceX Daily ETF Tokenized Stock (Reality) →Tether Gold →