US Natural Gas Fund Tokenized Stock (Reality) vs Tether Gold

Tether Gold (XAUT) is 137488.4× the size of US Natural Gas Fund Tokenized Stock (Reality) (RUNG) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.14 across 25 shared trading days). RUNG has been the more volatile of the two, at 53% annualised against XAUT's 24%.

Correlation: -0.14
Size ratio: 1 : 137488.4

US Natural Gas Fund Tokenized Stock (Reality)RUNG

$9.2300

24h: +2.71%
Market cap: $24,043
Volume 24h: $579
Volatility (ann.): 53%

Tether GoldXAUT

$4,088.58

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

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

Performance

RUNGXAUT

7 days-2.55%+0.05%XAUT
30 days+3.98%-2.08%RUNG
90 days—-4.40%—

Correlation

-0.14over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1490d: 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	RUNG	XAUT
Max drawdown (400d)	-11.9%	-19.4%
Risk-adjusted return (90d)	0.07	-0.20

Relative strength over 90 days: RUNG outperformed XAUT by 8.9% — measured on the RUNG/XAUT ratio, so it holds regardless of market direction.

US Natural Gas Fund Tokenized Stock (Reality) →Tether Gold →