VanEck Semiconductor ETF Tokenized Stock (Reality) vs Tether Gold

Tether Gold (XAUT) is 24776.7× the size of VanEck Semiconductor ETF Tokenized Stock (Reality) (RSMH) by market capitalisation. Their daily returns move loosely together (correlation 0.35 across 25 shared trading days). RSMH has been the more volatile of the two, at 29% annualised against XAUT's 24%.

Correlation: 0.35
Size ratio: 1 : 24776.7

VanEck Semiconductor ETF Tokenized Stock (Reality)RSMH

$495.2700

24h: -2.55%
Market cap: $134,157
Volume 24h: $11,051
Volatility (ann.): 29%

Tether GoldXAUT

$4,112.24

24h: +1.97%
Market cap: $3.32B
Volume 24h: $319.13M
Volatility (ann.): 24%

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

Performance

RSMHXAUT

7 days-3.76%+0.05%XAUT
30 days+12.03%-2.08%RSMH
90 days—-4.40%—

Correlation

0.35over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3590d: 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	RSMH	XAUT
Max drawdown (400d)	-4.3%	-19.4%
Risk-adjusted return (90d)	0.42	-0.20

Relative strength over 90 days: RSMH outperformed XAUT by 14.6% — measured on the RSMH/XAUT ratio, so it holds regardless of market direction.

VanEck Semiconductor ETF Tokenized Stock (Reality) →Tether Gold →