United States Oil Fund • Robinhood Token vs Tether Gold

Tether Gold (XAUT) is 1343.1× the size of United States Oil Fund • Robinhood Token (USO) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.53 across 38 shared trading days). USO has been the more volatile of the two, at 58% annualised against XAUT's 24%.

Correlation: -0.53
Size ratio: 1 : 1343.1

United States Oil Fund • Robinhood TokenUSO

$156.6900

24h: -0.79%
Market cap: $2.42M
Volume 24h: $3.05M
Volatility (ann.): 58%

Tether GoldXAUT

$4,033

24h: +1.85%
Market cap: $3.25B
Volume 24h: $260.40M
Volatility (ann.): 24%

USO 0.1%Share of the two combined market caps99.9% XAUT

Performance

USOXAUT

7 days+5.38%-3.11%USO
30 days+10.38%-5.07%USO
90 days—-7.64%—

Correlation

-0.53over 38 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.5790d: 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	USO	XAUT
Max drawdown (400d)	-11.2%	-19.4%
Risk-adjusted return (90d)	0.37	-0.36

Relative strength over 90 days: USO outperformed XAUT by 37.4% — measured on the USO/XAUT ratio, so it holds regardless of market direction.

United States Oil Fund • Robinhood Token →Tether Gold →