SPDR S&P 500 ETF Trust Tokenized Stock (Reality) vs Tether Gold

Tether Gold (XAUT) is 1753.0× the size of SPDR S&P 500 ETF Trust Tokenized Stock (Reality) (RSPY) by market capitalisation. Their daily returns move loosely together (correlation 0.47 across 25 shared trading days). XAUT has been the more volatile of the two, at 24% annualised against RSPY's 10%.

Correlation: 0.47
Size ratio: 1 : 1753.0

SPDR S&P 500 ETF Trust Tokenized Stock (Reality)RSPY

$748.3500

24h: -0.46%
Market cap: $1.88M
Volume 24h: $130,269
Volatility (ann.): 10%

Tether GoldXAUT

$4,072.55

24h: +3.77%
Market cap: $3.29B
Volume 24h: $268.77M
Volatility (ann.): 24%

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

Performance

RSPYXAUT

7 days+0.59%+0.05%RSPY
30 days+2.26%-2.08%RSPY
90 days—-4.40%—

Correlation

0.47over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4790d: 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	RSPY	XAUT
Max drawdown (400d)	-1.4%	-19.4%
Risk-adjusted return (90d)	0.22	-0.20

Relative strength over 90 days: RSPY outperformed XAUT by 4.6% — measured on the RSPY/XAUT ratio, so it holds regardless of market direction.

SPDR S&P 500 ETF Trust Tokenized Stock (Reality) →Tether Gold →