Rentible vs Tether Gold

Tether Gold (XAUT) is 98150.9× the size of Rentible (RNB) by market capitalisation. Over the past 90 days, XAUT is ahead by 70.6 percentage points (RNB -76.6% against XAUT -6.0%). Their daily returns move closely together (correlation 0.61 across 34 shared trading days). RNB has been the more volatile of the two, at 135% annualised against XAUT's 24%.

Correlation: 0.61
Size ratio: 1 : 98150.9
Ahead over 90 days: XAUT

RentibleRNB

$0.003336

24h: —
Market cap: $33,360
Volume 24h: —
Volatility (ann.): 135%

Tether GoldXAUT

$4,048.94

24h: -1.41%
Market cap: $3.27B
Volume 24h: $379.60M
Volatility (ann.): 24%

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

Performance

RNBXAUT

7 days+6.92%+1.67%RNB
30 days-24.90%-2.25%XAUT
90 days-76.56%-5.95%XAUT

Correlation

0.61over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6090d: 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	RNB	XAUT
Max drawdown (400d)	-85.7%	-19.4%
Risk-adjusted return (90d)	-0.57	-0.27

Relative strength over 90 days: XAUT outperformed RNB by 7.1% — measured on the RNB/XAUT ratio, so it holds regardless of market direction.

Rentible →Tether Gold →