ProShares UltraPro S&P500 ETF Tokenized Stock (Reality) vs Tether Gold

Tether Gold (XAUT) is 198524.6× the size of ProShares UltraPro S&P500 ETF Tokenized Stock (Reality) (RUPRO) by market capitalisation. Their daily returns move loosely together (correlation 0.51 across 26 shared trading days). RUPRO has been the more volatile of the two, at 30% annualised against XAUT's 24%.

Correlation: 0.51
Size ratio: 1 : 198524.6

ProShares UltraPro S&P500 ETF Tokenized Stock (Reality)RUPRO

$128.5800

24h: -12.18%
Market cap: $16,509
Volume 24h: $2,984
Volatility (ann.): 30%

Tether GoldXAUT

$4,052.66

24h: -1.31%
Market cap: $3.28B
Volume 24h: $323.44M
Volatility (ann.): 24%

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

Performance

RUPROXAUT

7 days+0.89%+1.67%XAUT
30 days+7.66%-2.25%RUPRO
90 days—-5.95%—

Correlation

0.51over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5190d: 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	RUPRO	XAUT
Max drawdown (400d)	-4.6%	-19.4%
Risk-adjusted return (90d)	0.26	-0.27

Relative strength over 90 days: RUPRO outperformed XAUT by 10.9% — measured on the RUPRO/XAUT ratio, so it holds regardless of market direction.

ProShares UltraPro S&P500 ETF Tokenized Stock (Reality) →Tether Gold →