WisdomTree Floating Rate Treasury Fund (Dinari Tokenized ETF) vs Tether Gold

Tether Gold (XAUT) is 664.7× the size of WisdomTree Floating Rate Treasury Fund (Dinari Tokenized ETF) (USFR) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.23 across 25 shared trading days). XAUT has been the more volatile of the two, at 24% annualised against USFR's 1%.

Correlation: -0.23
Size ratio: 1 : 664.7

WisdomTree Floating Rate Treasury Fund (Dinari Tokenized ETF)USFR

$50.4900

24h: +0.00%
Market cap: $4.90M
Volume 24h: $1
Volatility (ann.): 1%

Tether GoldXAUT

$4,030.72

24h: +2.21%
Market cap: $3.26B
Volume 24h: $247.26M
Volatility (ann.): 24%

USFR 0.2%Share of the two combined market caps99.8% XAUT

Performance

USFRXAUT

7 days-0.24%-3.11%USFR
30 days+0.02%-5.07%USFR
90 days—-7.64%—

Correlation

-0.23over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2390d: 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	USFR	XAUT
Max drawdown (400d)	-0.3%	-19.4%
Risk-adjusted return (90d)	0.01	-0.36

Relative strength over 90 days: USFR outperformed XAUT by 6.2% — measured on the USFR/XAUT ratio, so it holds regardless of market direction.

WisdomTree Floating Rate Treasury Fund (Dinari Tokenized ETF) →Tether Gold →