Tradr 2X Short TSLA Daily ETF aStock vs Tether Gold

Tether Gold (XAUT) is 889113101.9× the size of Tradr 2X Short TSLA Daily ETF aStock (ATSLZ) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.25 across 31 shared trading days). ATSLZ has been the more volatile of the two, at 86% annualised against XAUT's 24%.

Correlation: -0.25
Size ratio: 1 : 889113101.9

Tradr 2X Short TSLA Daily ETF aStockATSLZ

$9.8500

24h: +8.66%
Market cap: $4
Volume 24h: —
Volatility (ann.): 86%

Tether GoldXAUT

$4,049.25

24h: +3.11%
Market cap: $3.27B
Volume 24h: $266.41M
Volatility (ann.): 24%

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

Performance

ATSLZXAUT

7 days-10.04%-3.11%XAUT
30 days-12.64%-5.07%XAUT
90 days—-7.64%—

Correlation

-0.25over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2590d: 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	ATSLZ	XAUT
Max drawdown (400d)	-22.5%	-19.4%
Risk-adjusted return (90d)	-0.15	-0.36

Relative strength over 90 days: XAUT outperformed ATSLZ by 8.3% — measured on the ATSLZ/XAUT ratio, so it holds regardless of market direction.

Tradr 2X Short TSLA Daily ETF aStock →Tether Gold →