FXArbUSDTRY vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 791.9× the size of FXArbUSDTRY (FXARBUSDTRY) by market capitalisation. Over the past 30 days, FXARBUSDTRY is ahead by 2.1 percentage points (FXARBUSDTRY +2.1% against USDY +0.0%). Their daily returns move barely together (correlation 0.11 across 30 shared trading days). USDY has been the more volatile of the two, at 6% annualised against FXARBUSDTRY's 3%.

Correlation: 0.11
Size ratio: 1 : 791.9
Ahead over 30 days: FXARBUSDTRY

FXArbUSDTRYFXARBUSDTRY

$0.087828

24h: +0.15%
Market cap: $3.02M
Volume 24h: $20
Volatility (ann.): 3%

Ondo US Dollar YieldUSDY

$1.1500

24h: -0.12%
Market cap: $2.40B
Volume 24h: $4.00M
Volatility (ann.): 6%

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

Performance

FXARBUSDTRYUSDY

7 days+0.19%+0.00%FXARBUSDTRY
30 days+2.11%+0.00%FXARBUSDTRY

Correlation

0.11over 30 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	FXARBUSDTRY	USDY
Max drawdown (400d)	-0.1%	-0.9%
Risk-adjusted return (90d)	1.00	0.15

Relative strength over 90 days: FXARBUSDTRY outperformed USDY by 1.7% — measured on the FXARBUSDTRY/USDY ratio, so it holds regardless of market direction.

FXArbUSDTRY →Ondo US Dollar Yield →