Kalshi PreStocks vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 2945.5× the size of Kalshi PreStocks (KALSHI) by market capitalisation. Over the past 30 days, KALSHI is ahead by 3.0 percentage points (KALSHI +3.0% against USDY +0.0%). Their daily returns move barely together (correlation 0.06 across 28 shared trading days). KALSHI has been the more volatile of the two, at 65% annualised against USDY's 6%.

Correlation: 0.06
Size ratio: 1 : 2945.5
Ahead over 30 days: KALSHI

Kalshi PreStocksKALSHI

$898.7300

24h: +0.65%
Market cap: $813,195
Volume 24h: $137,798
Volatility (ann.): 65%

Ondo US Dollar YieldUSDY

$1.1500

24h: -0.12%
Market cap: $2.40B
Volume 24h: $4.10M
Volatility (ann.): 6%

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

Performance

KALSHIUSDY

7 days-2.56%+0.00%USDY
30 days+3.05%+0.00%KALSHI

Correlation

0.06over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0690d: 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	KALSHI	USDY
Max drawdown (400d)	-9.8%	-0.9%
Risk-adjusted return (90d)	0.14	0.15

Relative strength over 90 days: KALSHI outperformed USDY by 8.1% — measured on the KALSHI/USDY ratio, so it holds regardless of market direction.

Kalshi PreStocks →Ondo US Dollar Yield →