Vanguard FTSE Emerging Markets ETF (Dinari Tokenized ETF) vs Tether Gold

Tether Gold (XAUT) is 233754.4× the size of Vanguard FTSE Emerging Markets ETF (Dinari Tokenized ETF) (VWO) by market capitalisation. Their daily returns move loosely together (correlation 0.49 across 26 shared trading days). XAUT has been the more volatile of the two, at 24% annualised against VWO's 17%.

Correlation: 0.49
Size ratio: 1 : 233754.4

Vanguard FTSE Emerging Markets ETF (Dinari Tokenized ETF)VWO

$56.3200

24h: +1.66%
Market cap: $14,186
Volume 24h: $292
Volatility (ann.): 17%

Tether GoldXAUT

$4,099.09

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

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

Performance

VWOXAUT

7 days+0.49%+0.05%VWO
30 days-2.11%-2.08%XAUT
90 days—-4.40%—

Correlation

0.49over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4990d: 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	VWO	XAUT
Max drawdown (400d)	-3.5%	-19.4%
Risk-adjusted return (90d)	-0.12	-0.20

Relative strength over 90 days: VWO outperformed XAUT by 2.8% — measured on the VWO/XAUT ratio, so it holds regardless of market direction.

Vanguard FTSE Emerging Markets ETF (Dinari Tokenized ETF) →Tether Gold →