Roundhill Memory ETF (bStocks Tokenized Stock) vs Tether Gold

Tether Gold (XAUT) is 160.7× the size of Roundhill Memory ETF (bStocks Tokenized Stock) (DRAMB) by market capitalisation. Over the past 90 days, DRAMB is ahead by 0.2 percentage points (DRAMB -7.4% against XAUT -7.6%). Their daily returns move barely together (correlation 0.26 across 120 shared trading days). DRAMB has been the more volatile of the two, at 86% annualised against XAUT's 24%.

Correlation: 0.26
Size ratio: 1 : 160.7
Ahead over 90 days: DRAMB

Roundhill Memory ETF (bStocks Tokenized Stock)DRAMB

$48.2100

24h: -1.23%
Market cap: $20.28M
Volume 24h: $655,475
Volatility (ann.): 86%

Tether GoldXAUT

$4,034.04

24h: +3.27%
Market cap: $3.26B
Volume 24h: $262.20M
Volatility (ann.): 24%

DRAMB 0.6%Share of the two combined market caps99.4% XAUT

Performance

DRAMBXAUT

7 days-5.55%-3.11%XAUT
30 days-21.93%-5.07%XAUT
90 days-7.44%-7.64%DRAMB

Correlation

0.26over 120 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2390d: 0.281y: 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	DRAMB	XAUT
Max drawdown (400d)	-31.3%	-19.4%
Risk-adjusted return (90d)	-0.12	-0.36

Relative strength over 90 days: DRAMB outperformed XAUT by 0.2% — measured on the DRAMB/XAUT ratio, so it holds regardless of market direction.

Roundhill Memory ETF (bStocks Tokenized Stock) →Tether Gold →