XAUT-USD vs. XAUUSD=X

Last updated Apr 3, 2026

Compare and contrast key facts about Tether Gold USD (XAUT-USD) and Gold Spot Price US Dollar (XAUUSD=X).

Performance

XAUT-USD vs. XAUUSD=X - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tether Gold USD (XAUT-USD) and Gold Spot Price US Dollar (XAUUSD=X). The values are adjusted to include any dividend payments, if applicable.

XAUT-USD vs. XAUUSD=X - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XAUT-USD Tether Gold USD	7.14%	64.73%	27.39%	13.75%	-0.68%	-4.67%	21.67%
XAUUSD=X Gold Spot Price US Dollar	8.19%	64.75%	27.24%	13.14%	-0.25%	-3.50%	21.18%

Returns By Period

In the year-to-date period, XAUT-USD achieves a 7.14% return, which is significantly lower than XAUUSD=X's 8.19% return.

XAUT-USD

• 1D: -1.88%
• 1M: -9.01%
• YTD: 7.14%
• 6M: 20.20%
• 1Y: 46.57%
• 3Y*: 32.74%
• 5Y*: 21.76%
• 10Y*: —

XAUUSD=X

• 1D: -1.71%
• 1M: -8.10%
• YTD: 8.19%
• 6M: 21.27%
• 1Y: 49.22%
• 3Y*: 33.08%
• 5Y*: 21.93%
• 10Y*: 14.43%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

XAUT-USD vs. XAUUSD=X — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XAUT-USD

XAUT-USD Risk / Return Rank: 96
XAUT-USD Sharpe Ratio Rank: 97
XAUT-USD Sortino Ratio Rank: 95
XAUT-USD Omega Ratio Rank: 96
XAUT-USD Calmar Ratio Rank: 97
XAUT-USD Martin Ratio Rank: 97

XAUUSD=X

XAUUSD=X Risk / Return Rank: 89
XAUUSD=X Sharpe Ratio Rank: 93
XAUUSD=X Sortino Ratio Rank: 91
XAUUSD=X Omega Ratio Rank: 91
XAUUSD=X Calmar Ratio Rank: 84
XAUUSD=X Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XAUT-USD vs. XAUUSD=X - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tether Gold USD (XAUT-USD) and Gold Spot Price US Dollar (XAUUSD=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.

	XAUT-USD	XAUUSD=X	Difference
Sharpe ratio Return per unit of total volatility	1.71	1.61	+0.10
Sortino ratio Return per unit of downside risk	2.15	2.08	+0.07
Omega ratio Gain probability vs. loss probability	1.30	1.31	-0.01
Calmar ratio Return relative to maximum drawdown	2.91	1.93	+0.97
Martin ratio Return relative to average drawdown	8.65	6.72	+1.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XAUT-USD vs. XAUUSD=X - Sharpe Ratio Comparison

The current XAUT-USD Sharpe Ratio is 1.71, which is comparable to the XAUUSD=X Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of XAUT-USD and XAUUSD=X, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XAUT-USD	XAUUSD=X	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	1.61	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.23	1.20	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.05	0.59	+0.46

Correlation

The correlation between XAUT-USD and XAUUSD=X is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

XAUT-USD vs. XAUUSD=X - Drawdown Comparison

The maximum XAUT-USD drawdown since its inception was -20.51%, smaller than the maximum XAUUSD=X drawdown of -44.69%. Use the drawdown chart below to compare losses from any high point for XAUT-USD and XAUUSD=X.

Drawdown Indicators

	XAUT-USD	XAUUSD=X	Difference
Max Drawdown Largest peak-to-trough decline	-20.51%	-44.69%	+24.18%
Max Drawdown (1Y) Largest decline over 1 year	-20.33%	-19.70%	-0.63%
Max Drawdown (5Y) Largest decline over 5 years	-20.51%	-20.81%	+0.30%
Max Drawdown (10Y) Largest decline over 10 years	—	-21.35%	—
Current Drawdown Current decline from peak	-16.01%	-13.69%	-2.32%
Average Drawdown Average peak-to-trough decline	-6.16%	-16.32%	+10.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.84%	5.67%	+1.17%

Volatility

XAUT-USD vs. XAUUSD=X - Volatility Comparison

The current volatility for Tether Gold USD (XAUT-USD) is 9.19%, while Gold Spot Price US Dollar (XAUUSD=X) has a volatility of 9.69%. This indicates that XAUT-USD experiences smaller price fluctuations and is considered to be less risky than XAUUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XAUT-USD	XAUUSD=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.19%	9.69%	-0.50%
Volatility (6M) Calculated over the trailing 6-month period	24.06%	21.25%	+2.81%
Volatility (1Y) Calculated over the trailing 1-year period	22.66%	23.73%	-1.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.66%	16.36%	-1.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.05%	15.04%	+0.01%