EtherFi Liquid Reserve vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 901.2× the size of EtherFi Liquid Reserve (LIQUIDRESERVE) by market capitalisation. Over the past 30 days, LIQUIDRESERVE is ahead by 0.4 percentage points (LIQUIDRESERVE +0.4% against USDY +0.0%). Their daily returns move barely in opposite directions (correlation -0.20 across 21 shared trading days). USDY has been the more volatile of the two, at 6% annualised against LIQUIDRESERVE's 1%.

Correlation: -0.20
Size ratio: 1 : 901.2
Ahead over 30 days: LIQUIDRESERVE

EtherFi Liquid ReserveLIQUIDRESERVE

$1.0380

24h: +0.01%
Market cap: $2.66M
Volume 24h: —
Volatility (ann.): 1%

Ondo US Dollar YieldUSDY

$1.1500

24h: -0.12%
Market cap: $2.40B
Volume 24h: $3.92M
Volatility (ann.): 6%

LIQUIDRESERVE 0.1%Share of the two combined market caps99.9% USDY

Performance

LIQUIDRESERVEUSDY

7 days+0.10%+0.00%LIQUIDRESERVE
30 days+0.39%+0.00%LIQUIDRESERVE

Correlation

-0.20over 21 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	LIQUIDRESERVE	USDY
Max drawdown (400d)	0.0%	-0.9%
Risk-adjusted return (90d)	0.61	0.15

Relative strength over 90 days: USDY outperformed LIQUIDRESERVE by 0.5% — measured on the LIQUIDRESERVE/USDY ratio, so it holds regardless of market direction.

EtherFi Liquid Reserve →Ondo US Dollar Yield →