SP Funds S&P Global Technology ETF (Dinari Tokenized ETF) vs Tether Gold

Tether Gold (XAUT) is 59114.4× the size of SP Funds S&P Global Technology ETF (Dinari Tokenized ETF) (SPTE) by market capitalisation. Their daily returns move loosely together (correlation 0.43 across 25 shared trading days). Both have run at a similar volatility, around 23% annualised.

Correlation: 0.43
Size ratio: 1 : 59114.4

SP Funds S&P Global Technology ETF (Dinari Tokenized ETF)SPTE

$45.0400

24h: +0.27%
Market cap: $55,754
Volume 24h: $44
Volatility (ann.): 23%

Tether GoldXAUT

$4,073.6

24h: +0.71%
Market cap: $3.30B
Volume 24h: $422.31M
Volatility (ann.): 24%

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

Performance

SPTEXAUT

7 days+3.70%+0.05%SPTE
30 days+7.50%-2.08%SPTE
90 days—-4.40%—

Correlation

0.43over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4390d: 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	SPTE	XAUT
Max drawdown (400d)	-3.2%	-19.4%
Risk-adjusted return (90d)	0.32	-0.20

Relative strength over 90 days: SPTE outperformed XAUT by 13.8% — measured on the SPTE/XAUT ratio, so it holds regardless of market direction.

SP Funds S&P Global Technology ETF (Dinari Tokenized ETF) →Tether Gold →