ELYSIA vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 250.4× the size of ELYSIA (EL) by market capitalisation. Over the past 30 days, USDY is ahead by 8.5 percentage points (EL -8.5% against USDY +0.0%). Their daily returns move barely together (correlation 0.03 across 32 shared trading days). EL has been the more volatile of the two, at 102% annualised against USDY's 6%.

Correlation: 0.03
Size ratio: 1 : 250.4
Ahead over 30 days: USDY

ELYSIAEL

$0.001404

24h: -2.48%
Market cap: $9.55M
Volume 24h: $597,516
Volatility (ann.): 102%

Ondo US Dollar YieldUSDY

$1.1500

24h: -0.05%
Market cap: $2.39B
Volume 24h: $4.24M
Volatility (ann.): 6%

EL 0.4%Share of the two combined market caps99.6% USDY

Performance

ELUSDY

7 days-6.32%+0.00%USDY
30 days-8.55%+0.00%USDY

Correlation

0.03over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0490d: 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	EL	USDY
Max drawdown (400d)	-23.5%	-0.9%
Risk-adjusted return (90d)	-0.02	0.15

Relative strength over 90 days: USDY outperformed EL by 2.9% — measured on the EL/USDY ratio, so it holds regardless of market direction.

ELYSIA →Ondo US Dollar Yield →