Circle USYC vs Invesco Short Duration US Government Securities Fund

Circle USYC (USYC) is 3.6× the size of Invesco Short Duration US Government Securities Fund (USTB) by market capitalisation. Over the past 30 days, USTB is ahead by 0.5 percentage points (USYC +0.0% against USTB +0.5%). Their daily returns move barely together (correlation 0.28 across 57 shared trading days). USYC has been the more volatile of the two, at 2% annualised against USTB's 1%.

Correlation: 0.28
Size ratio: 3.6×
Ahead over 30 days: USTB

Circle USYCUSYC

$1.1400

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

Invesco Short Duration US Government Securities FundUSTB

$11.2700

24h: +0.01%
Market cap: $625.51M
Volume 24h: —
Volatility (ann.): 1%

USYC 78.2%Share of the two combined market caps21.8% USTB

Performance

USYCUSTB

7 days+0.00%+0.09%USTB
30 days+0.00%+0.54%USTB

Correlation

0.28over 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	USTB
Max drawdown (400d)	0.0%	0.0%
Risk-adjusted return (90d)	0.39	1.15

Relative strength over 90 days: USYC outperformed USTB by 0.1% — measured on the USYC/USTB ratio, so it holds regardless of market direction.

Circle USYC →Invesco Short Duration US Government Securities Fund →