South Korea Bull 3X ETF (bStocks Tokenized Stock) vs Tether Gold

Tether Gold (XAUT) is 929.4× the size of South Korea Bull 3X ETF (bStocks Tokenized Stock) (KORUB) by market capitalisation. Over the past 90 days, XAUT is ahead by 29.4 percentage points (KORUB -37.0% against XAUT -7.6%). Their daily returns move barely together (correlation 0.27 across 105 shared trading days). KORUB has been the more volatile of the two, at 163% annualised against XAUT's 24%.

Correlation: 0.27
Size ratio: 1 : 929.4
Ahead over 90 days: XAUT

South Korea Bull 3X ETF (bStocks Tokenized Stock)KORUB

$10.4500

24h: -1.35%
Market cap: $3.52M
Volume 24h: $4.16M
Volatility (ann.): 163%

Tether GoldXAUT

$4,045.11

24h: +3.36%
Market cap: $3.27B
Volume 24h: $263.58M
Volatility (ann.): 24%

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

Performance

KORUBXAUT

7 days-6.00%-3.11%XAUT
30 days-50.63%-5.07%XAUT
90 days-37.03%-7.64%XAUT

Correlation

0.27over 105 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2990d: 0.371y: 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	KORUB	XAUT
Max drawdown (400d)	-58.4%	-19.4%
Risk-adjusted return (90d)	-0.27	-0.36

Relative strength over 90 days: XAUT outperformed KORUB by 31.8% — measured on the KORUB/XAUT ratio, so it holds regardless of market direction.

South Korea Bull 3X ETF (bStocks Tokenized Stock) →Tether Gold →