Roundhill Memory ETF Tokenized Stock (Reality) vs Tether Gold

Tether Gold (XAUT) is 1990.7× the size of Roundhill Memory ETF Tokenized Stock (Reality) (RDRAM) by market capitalisation. Their daily returns move loosely together (correlation 0.50 across 25 shared trading days). RDRAM has been the more volatile of the two, at 50% annualised against XAUT's 24%.

Correlation: 0.50
Size ratio: 1 : 1990.7

Roundhill Memory ETF Tokenized Stock (Reality)RDRAM

$46.0600

24h: -2.44%
Market cap: $1.64M
Volume 24h: $784,843
Volatility (ann.): 50%

Tether GoldXAUT

$4,049.01

24h: +3.11%
Market cap: $3.27B
Volume 24h: $266.41M
Volatility (ann.): 24%

RDRAM 0.1%Share of the two combined market caps99.9% XAUT

Performance

RDRAMXAUT

7 days-7.71%-3.11%XAUT
30 days+3.66%-5.07%RDRAM
90 days—-7.64%—

Correlation

0.50over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5090d: 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	RDRAM	XAUT
Max drawdown (400d)	-10.6%	-19.4%
Risk-adjusted return (90d)	0.07	-0.36

Relative strength over 90 days: RDRAM outperformed XAUT by 6.1% — measured on the RDRAM/XAUT ratio, so it holds regardless of market direction.

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