SP Funds S&P 500 Sharia ETF (Dinari Tokenized ETF) vs Tether Gold

Tether Gold (XAUT) is 15584.4× the size of SP Funds S&P 500 Sharia ETF (Dinari Tokenized ETF) (SPUS) by market capitalisation. Their daily returns move loosely together (correlation 0.50 across 28 shared trading days). XAUT has been the more volatile of the two, at 24% annualised against SPUS's 12%.

Correlation: 0.50
Size ratio: 1 : 15584.4

SP Funds S&P 500 Sharia ETF (Dinari Tokenized ETF)SPUS

$58.4000

24h: +0.66%
Market cap: $213,118
Volume 24h: $127
Volatility (ann.): 12%

Tether GoldXAUT

$4,110.22

24h: +2.10%
Market cap: $3.32B
Volume 24h: $328.71M
Volatility (ann.): 24%

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

Performance

SPUSXAUT

7 days+0.67%+0.05%SPUS
30 days+2.18%-2.08%SPUS
90 days—-4.40%—

Correlation

0.50over 28 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	SPUS	XAUT
Max drawdown (400d)	-2.3%	-19.4%
Risk-adjusted return (90d)	0.18	-0.20

Relative strength over 90 days: SPUS outperformed XAUT by 10.3% — measured on the SPUS/XAUT ratio, so it holds regardless of market direction.

SP Funds S&P 500 Sharia ETF (Dinari Tokenized ETF) →Tether Gold →