RWADepin Protocol vs Tether Gold

Tether Gold (XAUT) is 1240287.6× the size of RWADepin Protocol (SUIRWAPIN) by market capitalisation. Over the past 90 days, XAUT is ahead by 31.7 percentage points (SUIRWAPIN -36.1% against XAUT -4.4%). Their daily returns move barely together (correlation 0.10 across 43 shared trading days). SUIRWAPIN has been the more volatile of the two, at 293% annualised against XAUT's 24%.

Correlation: 0.10
Size ratio: 1 : 1240287.6
Ahead over 90 days: XAUT

RWADepin ProtocolSUIRWAPIN

$4.600e-6

24h: —
Market cap: $2,678
Volume 24h: —
Volatility (ann.): 293%

Tether GoldXAUT

$4,102.95

24h: +4.19%
Market cap: $3.32B
Volume 24h: $288.99M
Volatility (ann.): 24%

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

Performance

SUIRWAPINXAUT

7 days+1.60%+0.05%SUIRWAPIN
30 days-44.26%-2.08%XAUT
90 days-36.11%-4.40%XAUT

Correlation

0.10over 43 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0690d: 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	SUIRWAPIN	XAUT
Max drawdown (400d)	-96.2%	-19.4%
Risk-adjusted return (90d)	-0.27	-0.20

Relative strength over 90 days: XAUT outperformed SUIRWAPIN by 31.3% — measured on the SUIRWAPIN/XAUT ratio, so it holds regardless of market direction.

RWADepin Protocol →Tether Gold →