XAUT-USD vs. XAGUSD=X
XAUT-USD (Tether Gold USD) is a cryptocurrency, while XAGUSD=X (Silver Spot Price US Dollar) is a currency. Over the past 5 years, XAUT-USD returned 17.58%/yr vs 17.00%/yr for XAGUSD=X. A 0.62 correlation means they provide meaningful diversification when combined.
Performance
XAUT-USD vs. XAGUSD=X - Performance Comparison
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Returns By Period
In the year-to-date period, XAUT-USD achieves a -7.55% return, which is significantly higher than XAGUSD=X's -20.25% return.
XAUT-USD
- 1D
- -0.22%
- 1M
- -11.23%
- YTD
- -7.55%
- 6M
- -10.98%
- 1Y
- 20.14%
- 3Y*
- 27.67%
- 5Y*
- 17.58%
- 10Y*
- —
XAGUSD=X
- 1D
- -0.05%
- 1M
- -25.55%
- YTD
- -20.25%
- 6M
- -21.81%
- 1Y
- 57.77%
- 3Y*
- 35.93%
- 5Y*
- 17.00%
- 10Y*
- 12.43%
XAUT-USD vs. XAGUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XAUT-USD Tether Gold USD | -7.55% | 64.73% | 27.39% | 13.75% | -0.68% | -4.67% | 18.28% |
XAGUSD=X Silver Spot Price US Dollar | -20.25% | 148.50% | 21.59% | -0.79% | 2.85% | -11.48% | 47.57% |
Correlation
The correlation between XAUT-USD and XAGUSD=X is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020 | 0.62 |
The correlation between XAUT-USD and XAGUSD=X has been stable across timeframes, ranging from 0.62 to 0.66 - a consistent structural relationship.
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Return for Risk
XAUT-USD vs. XAGUSD=X — Risk / Return Rank
XAUT-USD
XAGUSD=X
XAUT-USD vs. XAGUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tether Gold USD (XAUT-USD) and Silver Spot Price US Dollar (XAGUSD=X). 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.
| XAUT-USD | XAGUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.21 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | 0.87 | -0.14 |
| Martin ratioReturn relative to average drawdown | 1.90 | 1.97 | -0.07 |
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Drawdowns
XAUT-USD vs. XAGUSD=X - Drawdown Comparison
The maximum XAUT-USD drawdown since its inception was -27.53%, smaller than the maximum XAGUSD=X drawdown of -75.36%. Use the drawdown chart below to compare losses from any high point for XAUT-USD and XAGUSD=X.
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Drawdown Indicators
| XAUT-USD | XAGUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.53% | -75.36% | +47.83% |
Max Drawdown (1Y)Largest decline over 1 year | -27.53% | -50.93% | +23.40% |
Max Drawdown (3Y)Largest decline over 3 years | -27.53% | -50.93% | +23.40% |
Max Drawdown (5Y)Largest decline over 5 years | -27.53% | -50.93% | +23.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.93% | — |
Current DrawdownCurrent decline from peak | -27.53% | -50.93% | +23.40% |
Average DrawdownAverage peak-to-trough decline | -6.61% | -44.79% | +38.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.72% | 25.06% | -12.34% |
Volatility
XAUT-USD vs. XAGUSD=X - Volatility Comparison
The current volatility for Tether Gold USD (XAUT-USD) is 8.12%, while Silver Spot Price US Dollar (XAGUSD=X) has a volatility of 15.94%. This indicates that XAUT-USD experiences smaller price fluctuations and is considered to be less risky than XAGUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XAUT-USD | XAGUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.12% | 15.94% | -7.82% |
Volatility (6M)Calculated over the trailing 6-month period | 24.24% | 55.54% | -31.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.68% | 55.26% | -32.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.10% | 35.23% | -20.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.30% | 31.36% | -16.06% |
Frequently Asked Questions
XAUT-USD and XAGUSD=X have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XAGUSD=X has higher volatility (15.94%) compared to XAUT-USD (8.12%). In terms of maximum drawdown, XAUT-USD dropped -27.53% vs XAGUSD=X's -75.36%.
XAGUSD=X currently has the higher Sharpe Ratio (0.80 vs 0.74), 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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