KGLD vs. XAUT-USD
KGLD (Kurv Gold Enhanced Income ETF ) is Derivative Income fund actively managed by Kurv, while XAUT-USD (Tether Gold USD) is a cryptocurrency. Over the past year, KGLD returned 17.91% vs 18.95% for XAUT-USD. A 0.74 correlation means they provide meaningful diversification when combined.
Performance
KGLD vs. XAUT-USD - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with KGLD having a -7.88% return and XAUT-USD slightly lower at -7.92%.
KGLD
- 1D
- -2.53%
- 1M
- -5.25%
- 6M
- -13.85%
- YTD
- -7.88%
- 1Y
- 17.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XAUT-USD
- 1D
- -2.12%
- 1M
- -5.10%
- 6M
- -13.17%
- YTD
- -7.92%
- 1Y
- 18.95%
- 3Y*
- 26.82%
- 5Y*
- 16.91%
- 10Y*
- —
KGLD vs. XAUT-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KGLD Kurv Gold Enhanced Income ETF | -7.88% | 29.75% |
XAUT-USD Tether Gold USD | -7.92% | 29.80% |
Correlation
The correlation between KGLD and XAUT-USD is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2025 | 0.74 |
The correlation between KGLD and XAUT-USD has been stable across timeframes, ranging from 0.74 to 0.74 - a consistent structural relationship.
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Return for Risk
KGLD vs. XAUT-USD — Risk / Return Rank
KGLD
XAUT-USD
KGLD vs. XAUT-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kurv Gold Enhanced Income ETF (KGLD) and Tether Gold USD (XAUT-USD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KGLD | XAUT-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.14 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 0.68 | -0.04 |
| Martin ratioReturn relative to average drawdown | 1.55 | 1.57 | -0.01 |
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Drawdowns
KGLD vs. XAUT-USD - Drawdown Comparison
The maximum KGLD drawdown since its inception was -28.07%, roughly equal to the maximum XAUT-USD drawdown of -27.82%. Use the drawdown chart below to compare losses from any high point for KGLD and XAUT-USD.
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Drawdown Indicators
| KGLD | XAUT-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.07% | -27.82% | -0.25% |
Max Drawdown (1Y)Largest decline over 1 year | -28.07% | -27.82% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.82% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.82% | — |
Current DrawdownCurrent decline from peak | -27.90% | -27.82% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -7.99% | -6.75% | -1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.56% | 14.21% | -2.65% |
Volatility
KGLD vs. XAUT-USD - Volatility Comparison
Kurv Gold Enhanced Income ETF (KGLD) has a higher volatility of 7.48% compared to Tether Gold USD (XAUT-USD) at 6.15%. This indicates that KGLD's price experiences larger fluctuations and is considered to be riskier than XAUT-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KGLD | XAUT-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.48% | 6.15% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 25.10% | 24.09% | +1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.99% | 22.86% | +6.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.78% | 15.18% | +13.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.78% | 15.31% | +13.47% |
Frequently Asked Questions
KGLD and XAUT-USD have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KGLD has higher volatility (7.48%) compared to XAUT-USD (6.15%). In terms of maximum drawdown, KGLD dropped -28.07% vs XAUT-USD's -27.82%.
XAUT-USD currently has the higher Sharpe Ratio (0.69 vs 0.62), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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