State Street Technology Select Sector SPDR ETF • Robinhood Token vs Tether Gold

Tether Gold (XAUT) is 408348.0× the size of State Street Technology Select Sector SPDR ETF • Robinhood Token (XLK) by market capitalisation. Their daily returns move barely together (correlation 0.12 across 29 shared trading days). XLK has been the more volatile of the two, at 90% annualised against XAUT's 24%.

Correlation: 0.12
Size ratio: 1 : 408348.0

State Street Technology Select Sector SPDR ETF • Robinhood TokenXLK

$176.9300

24h: +1.32%
Market cap: $8,095
Volume 24h: $355
Volatility (ann.): 90%

Tether GoldXAUT

$4,091.44

24h: +0.89%
Market cap: $3.31B
Volume 24h: $405.18M
Volatility (ann.): 24%

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

Performance

XLKXAUT

7 days-0.03%+0.05%XAUT
30 days-3.53%-2.08%XAUT
90 days—-4.40%—

Correlation

0.12over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1290d: 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	XLK	XAUT
Max drawdown (400d)	-16.5%	-19.4%
Risk-adjusted return (90d)	-0.04	-0.20

Relative strength over 90 days: XAUT outperformed XLK by 0.4% — measured on the XLK/XAUT ratio, so it holds regardless of market direction.

State Street Technology Select Sector SPDR ETF • Robinhood Token →Tether Gold →