Tether Gold (XAUT) is 11059.0× the size of Stockify (STFY) by market capitalisation. Their daily returns move barely together (correlation 0.14 across 34 shared trading days). STFY has been the more volatile of the two, at 517% annualised against XAUT's 24%.
STFYXAUT
0.14over 34 shared trading days
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.
| Metric | STFY | XAUT |
|---|---|---|
| Max drawdown (400d) | -74.6% | -19.4% |
| Risk-adjusted return (90d) | -0.14 | -0.36 |
Relative strength over 90 days: XAUT outperformed STFY by 70.7% — measured on the STFY/XAUT ratio, so it holds regardless of market direction.