Semicon Bull 3X ETF (bStocks Tokenized ETF) vs Tether Gold

Tether Gold (XAUT) is 57.4× the size of Semicon Bull 3X ETF (bStocks Tokenized ETF) (SOXLB) by market capitalisation. Over the past 90 days, XAUT is ahead by 34.9 percentage points (SOXLB -42.5% against XAUT -7.6%). Their daily returns move barely together (correlation 0.32 across 120 shared trading days). SOXLB has been the more volatile of the two, at 150% annualised against XAUT's 24%.

Correlation: 0.32
Size ratio: 1 : 57.4
Ahead over 90 days: XAUT

Semicon Bull 3X ETF (bStocks Tokenized ETF)SOXLB

$77.5400

24h: +7.02%
Market cap: $56.74M
Volume 24h: $36.01M
Volatility (ann.): 150%

Tether GoldXAUT

$4,034.14

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

SOXLB 1.7%Share of the two combined market caps98.3% XAUT

Performance

SOXLBXAUT

7 days-25.10%-3.11%XAUT
30 days-54.77%-5.07%XAUT
90 days-42.54%-7.64%XAUT

Correlation

0.32over 120 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4090d: 0.341y: 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	SOXLB	XAUT
Max drawdown (400d)	-64.3%	-19.4%
Risk-adjusted return (90d)	-0.35	-0.36

Relative strength over 90 days: XAUT outperformed SOXLB by 37.8% — measured on the SOXLB/XAUT ratio, so it holds regardless of market direction.

Semicon Bull 3X ETF (bStocks Tokenized ETF) →Tether Gold →