SPDR Bloomberg 1-3 Month T-Bill ETF (Anchored Tokenized ETF) vs Tether Gold

Tether Gold (XAUT) is 3773.1× the size of SPDR Bloomberg 1-3 Month T-Bill ETF (Anchored Tokenized ETF) (ABIL) by market capitalisation. Their daily returns move loosely together (correlation 0.42 across 31 shared trading days). XAUT has been the more volatile of the two, at 24% annualised against ABIL's 1%.

Correlation: 0.42
Size ratio: 1 : 3773.1

SPDR Bloomberg 1-3 Month T-Bill ETF (Anchored Tokenized ETF)ABIL

$91.5200

24h: +0.12%
Market cap: $862,498
Volume 24h: —
Volatility (ann.): 1%

Tether GoldXAUT

$4,030.36

24h: +1.85%
Market cap: $3.25B
Volume 24h: $260.40M
Volatility (ann.): 24%

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

Performance

ABILXAUT

7 days+0.05%-3.11%ABIL
30 days-0.03%-5.07%ABIL
90 days—-7.64%—

Correlation

0.42over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4290d: 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	ABIL	XAUT
Max drawdown (400d)	-0.3%	-19.4%
Risk-adjusted return (90d)	-0.03	-0.36

Relative strength over 90 days: ABIL outperformed XAUT by 6.8% — measured on the ABIL/XAUT ratio, so it holds regardless of market direction.

SPDR Bloomberg 1-3 Month T-Bill ETF (Anchored Tokenized ETF) →Tether Gold →