GoPro (Backpack Securities) vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 17452.6× the size of GoPro (Backpack Securities) (GPRO) by market capitalisation. Over the past 30 days, USDY is ahead by 34.0 percentage points (GPRO -33.1% against USDY +0.9%). Their daily returns move barely together (correlation 0.11 across 26 shared trading days). GPRO has been the more volatile of the two, at 113% annualised against USDY's 6%.

Correlation: 0.11
Size ratio: 1 : 17452.6
Ahead over 30 days: USDY

GoPro (Backpack Securities)GPRO

$0.949868

24h: -1.52%
Market cap: $137,150
Volume 24h: $38,988
Volatility (ann.): 113%

Ondo US Dollar YieldUSDY

$1.1500

24h: +0.03%
Market cap: $2.39B
Volume 24h: $2.29M
Volatility (ann.): 6%

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

Performance

GPROUSDY

7 days-8.88%+0.00%USDY
30 days-33.13%+0.88%USDY

Correlation

0.11over 26 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	GPRO	USDY
Max drawdown (400d)	-46.3%	-0.9%
Risk-adjusted return (90d)	-0.37	0.15

Relative strength over 90 days: USDY outperformed GPRO by 42.3% — measured on the GPRO/USDY ratio, so it holds regardless of market direction.

GoPro (Backpack Securities) →Ondo US Dollar Yield →