EstateX vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 3476.3× the size of EstateX (ESX) by market capitalisation. Over the past 30 days, USDY is ahead by 20.6 percentage points (ESX -20.6% against USDY +0.0%). Their daily returns move barely in opposite directions (correlation -0.11 across 28 shared trading days). ESX has been the more volatile of the two, at 169% annualised against USDY's 6%.

Correlation: -0.11
Size ratio: 1 : 3476.3
Ahead over 30 days: USDY

EstateXESX

$0.000215

24h: -6.12%
Market cap: $689,148
Volume 24h: $5,105
Volatility (ann.): 169%

Ondo US Dollar YieldUSDY

$1.1500

24h: +0.12%
Market cap: $2.40B
Volume 24h: $2.78M
Volatility (ann.): 6%

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

Performance

ESXUSDY

7 days-12.08%+0.00%USDY
30 days-20.61%+0.00%USDY

Correlation

-0.11over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1190d: 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	ESX	USDY
Max drawdown (400d)	-34.5%	-0.9%
Risk-adjusted return (90d)	-0.16	0.15

Relative strength over 90 days: USDY outperformed ESX by 27.2% — measured on the ESX/USDY ratio, so it holds regardless of market direction.

EstateX →Ondo US Dollar Yield →