Vanguard S&P 500 ETF (Dinari Tokenized ETF) vs Tether Gold

Tether Gold (XAUT) is 13469.6× the size of Vanguard S&P 500 ETF (Dinari Tokenized ETF) (VOO) by market capitalisation. Their daily returns move loosely together (correlation 0.57 across 29 shared trading days). XAUT has been the more volatile of the two, at 24% annualised against VOO's 11%.

Correlation: 0.57
Size ratio: 1 : 13469.6

Vanguard S&P 500 ETF (Dinari Tokenized ETF)VOO

$704.4300

24h: +2.28%
Market cap: $246,182
Volume 24h: $2,348
Volatility (ann.): 11%

Tether GoldXAUT

$4,099.09

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

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

Performance

VOOXAUT

7 days-0.46%+0.05%XAUT
30 days-0.40%-2.08%VOO
90 days—-4.40%—

Correlation

0.57over 29 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	VOO	XAUT
Max drawdown (400d)	-2.4%	-19.4%
Risk-adjusted return (90d)	-0.04	-0.20

Relative strength over 90 days: VOO outperformed XAUT by 7.5% — measured on the VOO/XAUT ratio, so it holds regardless of market direction.

Vanguard S&P 500 ETF (Dinari Tokenized ETF) →Tether Gold →