Verified Emeralds vs Tether Gold

Tether Gold (XAUT) is 34.3× the size of Verified Emeralds (VEREM) by market capitalisation. Over the past 90 days, VEREM is ahead by 835.2 percentage points (VEREM +827.6% against XAUT -7.6%). Their daily returns move barely in opposite directions (correlation -0.17 across 197 shared trading days). VEREM has been the more volatile of the two, at 1134% annualised against XAUT's 24%.

Correlation: -0.17
Size ratio: 1 : 34.3
Ahead over 90 days: VEREM

Verified EmeraldsVEREM

$37.9600

24h: +5.56%
Market cap: $94.91M
Volume 24h: $216,801
Volatility (ann.): 1134%

Tether GoldXAUT

$4,032.35

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

VEREM 2.8%Share of the two combined market caps97.2% XAUT

Performance

VEREMXAUT

7 days-16.58%-3.11%XAUT
30 days+794.52%-5.07%VEREM
90 days+827.56%-7.64%VEREM

Correlation

-0.17over 197 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.4490d: -0.251y: 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	VEREM	XAUT
Max drawdown (400d)	-99.3%	-19.4%
Risk-adjusted return (90d)	0.46	-0.36

Relative strength over 90 days: VEREM outperformed XAUT by 868.8% — measured on the VEREM/XAUT ratio, so it holds regardless of market direction.

Verified Emeralds →Tether Gold →