InfiniFi USD vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 33.7× the size of InfiniFi USD (IUSD) by market capitalisation. Over the past 30 days, USDY is ahead by 0.1 percentage points (IUSD -0.1% against USDY +0.0%). Their daily returns move barely together (correlation 0.03 across 50 shared trading days). USDY has been the more volatile of the two, at 6% annualised against IUSD's 1%.

Correlation: 0.03
Size ratio: 1 : 33.7
Ahead over 30 days: USDY

InfiniFi USDIUSD

$0.999129

24h: -0.09%
Market cap: $71.09M
Volume 24h: $6,202
Volatility (ann.): 1%

Ondo US Dollar YieldUSDY

$1.1500

24h: +0.12%
Market cap: $2.40B
Volume 24h: $2.78M
Volatility (ann.): 6%

IUSD 2.9%Share of the two combined market caps97.1% USDY

Performance

IUSDUSDY

7 days-0.08%+0.00%USDY
30 days-0.07%+0.00%USDY

Correlation

0.03over 50 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0490d: 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	IUSD	USDY
Max drawdown (400d)	-0.3%	-0.9%
Risk-adjusted return (90d)	0.02	0.15

Relative strength over 90 days: USDY outperformed IUSD by 0.8% — measured on the IUSD/USDY ratio, so it holds regardless of market direction.

InfiniFi USD →Ondo US Dollar Yield →