Circle USYC vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 1.1× the size of Circle USYC (USYC) by market capitalisation. Over the past 30 days, USDY is ahead by 0.9 percentage points (USYC +0.0% against USDY +0.9%). Their daily returns move barely in opposite directions (correlation -0.01 across 57 shared trading days). USDY has been the more volatile of the two, at 6% annualised against USYC's 2%.

Correlation: -0.01
Size ratio: 1 : 1.1
Ahead over 30 days: USDY

Circle USYCUSYC

$1.1400

24h: +0.01%
Market cap: $2.24B
Volume 24h: —
Volatility (ann.): 2%

Ondo US Dollar YieldUSDY

$1.1500

24h: +0.06%
Market cap: $2.39B
Volume 24h: $2.38M
Volatility (ann.): 6%

USYC 48.4%Share of the two combined market caps51.6% USDY

Performance

USYCUSDY

7 days+0.00%+0.00%USYC
30 days+0.00%+0.88%USDY

Correlation

-0.01over 57 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	USYC	USDY
Max drawdown (400d)	0.0%	-0.9%
Risk-adjusted return (90d)	0.39	0.15

Relative strength over 90 days: USYC outperformed USDY by 0.0% — measured on the USYC/USDY ratio, so it holds regardless of market direction.

Circle USYC →Ondo US Dollar Yield →