3Jane USD3 vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 20.6× the size of 3Jane USD3 (USD3) by market capitalisation. Over the past 30 days, USD3 is ahead by 0.8 percentage points (USD3 +0.8% against USDY +0.0%). Their daily returns move barely together (correlation 0.34 across 36 shared trading days). USD3 has been the more volatile of the two, at 12% annualised against USDY's 6%.

Correlation: 0.34
Size ratio: 1 : 20.6
Ahead over 30 days: USD3

3Jane USD3USD3

$1.2000

24h: +0.08%
Market cap: $115.90M
Volume 24h: $177,361
Volatility (ann.): 12%

Ondo US Dollar YieldUSDY

$1.1500

24h: +0.09%
Market cap: $2.39B
Volume 24h: $4.03M
Volatility (ann.): 6%

USD3 4.6%Share of the two combined market caps95.4% USDY

Performance

USD3USDY

7 days+0.00%+0.00%USD3
30 days+0.84%+0.00%USD3

Correlation

0.34over 36 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3790d: 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	USD3	USDY
Max drawdown (400d)	-0.8%	-0.9%
Risk-adjusted return (90d)	0.22	0.15

Relative strength over 90 days: USD3 outperformed USDY by 1.7% — measured on the USD3/USDY ratio, so it holds regardless of market direction.

3Jane USD3 →Ondo US Dollar Yield →