Gauntlet USD Alpha vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 1722.9× the size of Gauntlet USD Alpha (GTUSDA) by market capitalisation. Over the past 30 days, GTUSDA is ahead by 5773.3 percentage points (GTUSDA +5773.3% against USDY +0.0%). Their daily returns move barely in opposite directions (correlation -0.02 across 22 shared trading days). GTUSDA has been the more volatile of the two, at 19425% annualised against USDY's 6%.

Correlation: -0.02
Size ratio: 1 : 1722.9
Ahead over 30 days: GTUSDA

Gauntlet USD AlphaGTUSDA

$1.0850

24h: —
Market cap: $1.39M
Volume 24h: —
Volatility (ann.): 19425%

Ondo US Dollar YieldUSDY

$1.1500

24h: +0.14%
Market cap: $2.40B
Volume 24h: $4.06M
Volatility (ann.): 6%

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

Performance

GTUSDAUSDY

7 days+5757.01%+0.00%GTUSDA
30 days+5773.27%+0.00%GTUSDA

Correlation

-0.02over 22 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	GTUSDA	USDY
Max drawdown (400d)	0.0%	-0.9%
Risk-adjusted return (90d)	0.30	0.15

Relative strength over 90 days: GTUSDA outperformed USDY by 5722.2% — measured on the GTUSDA/USDY ratio, so it holds regardless of market direction.

Gauntlet USD Alpha →Ondo US Dollar Yield →