Trump Media & Technology Group Corp. Common Stock (Backpack Securities) vs Tether Gold

Tether Gold (XAUT) is 2874.5× the size of Trump Media & Technology Group Corp. Common Stock (Backpack Securities) (DJT) by market capitalisation. Their daily returns move barely together (correlation 0.12 across 31 shared trading days). DJT has been the more volatile of the two, at 158% annualised against XAUT's 24%.

Correlation: 0.12
Size ratio: 1 : 2874.5

Trump Media & Technology Group Corp. Common Stock (Backpack Securities)DJT

$4.5400

24h: -18.32%
Market cap: $1.15M
Volume 24h: $8.63M
Volatility (ann.): 158%

Tether GoldXAUT

$4,093.21

24h: +1.88%
Market cap: $3.32B
Volume 24h: $349.65M
Volatility (ann.): 24%

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

Performance

DJTXAUT

7 days-50.51%+0.05%XAUT
30 days-48.06%-2.08%XAUT
90 days—-4.40%—

Correlation

0.12over 31 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	DJT	XAUT
Max drawdown (400d)	-52.2%	-19.4%
Risk-adjusted return (90d)	-0.30	-0.20

Relative strength over 90 days: XAUT outperformed DJT by 43.7% — measured on the DJT/XAUT ratio, so it holds regardless of market direction.

Trump Media & Technology Group Corp. Common Stock (Backpack Securities) →Tether Gold →