T-Rex 2X Inverse MSTR Daily Target ETF (Dinari Tokenized ETF) vs Tether Gold

Tether Gold (XAUT) is 5524416.2× the size of T-Rex 2X Inverse MSTR Daily Target ETF (Dinari Tokenized ETF) (MSTZ) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.48 across 25 shared trading days). MSTZ has been the more volatile of the two, at 160% annualised against XAUT's 24%.

Correlation: -0.48
Size ratio: 1 : 5524416.2

T-Rex 2X Inverse MSTR Daily Target ETF (Dinari Tokenized ETF)MSTZ

$2.6800

24h: -16.13%
Market cap: $602
Volume 24h: $13
Volatility (ann.): 160%

Tether GoldXAUT

$4,111.75

24h: +4.44%
Market cap: $3.32B
Volume 24h: $295.08M
Volatility (ann.): 24%

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

Performance

MSTZXAUT

7 days+7.29%+0.05%MSTZ
30 days+30.93%-2.08%MSTZ
90 days—-4.40%—

Correlation

-0.48over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.4890d: 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	MSTZ	XAUT
Max drawdown (400d)	-23.5%	-19.4%
Risk-adjusted return (90d)	0.19	-0.20

Relative strength over 90 days: MSTZ outperformed XAUT by 33.7% — measured on the MSTZ/XAUT ratio, so it holds regardless of market direction.

T-Rex 2X Inverse MSTR Daily Target ETF (Dinari Tokenized ETF) →Tether Gold →