apyUSD vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 15.6× the size of apyUSD (APYUSD) by market capitalisation. Over the past 30 days, APYUSD is ahead by 3.6 percentage points (APYUSD +3.6% against USDY +0.0%). Their daily returns move barely in opposite directions (correlation -0.01 across 56 shared trading days). APYUSD has been the more volatile of the two, at 14% annualised against USDY's 6%.

Correlation: -0.01
Size ratio: 1 : 15.6
Ahead over 30 days: APYUSD

apyUSDAPYUSD

$1.4200

24h: -0.14%
Market cap: $152.69M
Volume 24h: $973,315
Volatility (ann.): 14%

Ondo US Dollar YieldUSDY

$1.1500

24h: -0.09%
Market cap: $2.39B
Volume 24h: $2.60M
Volatility (ann.): 6%

APYUSD 6.0%Share of the two combined market caps94.0% USDY

Performance

APYUSDUSDY

7 days+0.71%+0.00%APYUSD
30 days+3.65%+0.00%APYUSD

Correlation

-0.01over 56 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0290d: 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	APYUSD	USDY
Max drawdown (400d)	-2.8%	-0.9%
Risk-adjusted return (90d)	0.62	0.15

Relative strength over 90 days: APYUSD outperformed USDY by 7.5% — measured on the APYUSD/USDY ratio, so it holds regardless of market direction.

apyUSD →Ondo US Dollar Yield →