f(x) USD Saving vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 29.7× the size of f(x) USD Saving (FXSAVE) by market capitalisation. Over the past 30 days, FXSAVE is ahead by 0.0 percentage points (FXSAVE +0.9% against USDY +0.9%). Their daily returns move barely together (correlation 0.26 across 54 shared trading days). Both have run at a similar volatility, around 6% annualised.

Correlation: 0.26
Size ratio: 1 : 29.7
Ahead over 30 days: FXSAVE

f(x) USD SavingFXSAVE

$1.1300

24h: +0.01%
Market cap: $80.35M
Volume 24h: $334,763
Volatility (ann.): 7%

Ondo US Dollar YieldUSDY

$1.1500

24h: +0.08%
Market cap: $2.39B
Volume 24h: $4.12M
Volatility (ann.): 6%

FXSAVE 3.3%Share of the two combined market caps96.7% USDY

Performance

FXSAVEUSDY

7 days+0.89%+0.00%FXSAVE
30 days+0.89%+0.88%FXSAVE

Correlation

0.26over 54 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2890d: 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	FXSAVE	USDY
Max drawdown (400d)	-0.9%	-0.9%
Risk-adjusted return (90d)	0.28	0.15

Relative strength over 90 days: FXSAVE outperformed USDY by 0.9% — measured on the FXSAVE/USDY ratio, so it holds regardless of market direction.

f(x) USD Saving →Ondo US Dollar Yield →