Delpho USDV vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 4652.8× the size of Delpho USDV (USDV) by market capitalisation. Over the past 30 days, USDY is ahead by 0.6 percentage points (USDV +0.2% against USDY +0.9%). Their daily returns move barely in opposite directions (correlation -0.01 across 27 shared trading days). USDY has been the more volatile of the two, at 6% annualised against USDV's 1%.

Correlation: -0.01
Size ratio: 1 : 4652.8
Ahead over 30 days: USDY

Delpho USDVUSDV

$0.999779

24h: -0.10%
Market cap: $513,272
Volume 24h: $160,960
Volatility (ann.): 1%

Ondo US Dollar YieldUSDY

$1.1500

24h: -0.19%
Market cap: $2.39B
Volume 24h: $2.42M
Volatility (ann.): 6%

USDV 0.0%Share of the two combined market caps100.0% USDY

Performance

USDVUSDY

7 days+0.00%+0.00%USDV
30 days+0.23%+0.88%USDY

Correlation

-0.01over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0190d: 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	USDV	USDY
Max drawdown (400d)	-0.3%	-0.9%
Risk-adjusted return (90d)	0.18	0.15

Relative strength over 90 days: USDY outperformed USDV by 0.6% — measured on the USDV/USDY ratio, so it holds regardless of market direction.

Delpho USDV →Ondo US Dollar Yield →