Liquid Euro vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 267.1× the size of Liquid Euro (WEEUR) by market capitalisation. Over the past 30 days, USDY is ahead by 1.7 percentage points (WEEUR -1.7% against USDY +0.0%). Their daily returns move barely together (correlation 0.02 across 22 shared trading days). USDY has been the more volatile of the two, at 6% annualised against WEEUR's 4%.

Correlation: 0.02
Size ratio: 1 : 267.1
Ahead over 30 days: USDY

Liquid EuroWEEUR

$1.1500

24h: +0.55%
Market cap: $8.97M
Volume 24h: —
Volatility (ann.): 4%

Ondo US Dollar YieldUSDY

$1.1500

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

WEEUR 0.4%Share of the two combined market caps99.6% USDY

Performance

WEEURUSDY

7 days-0.85%+0.00%USDY
30 days-1.69%+0.00%USDY

Correlation

0.02over 22 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	WEEUR	USDY
Max drawdown (400d)	-1.7%	-0.9%
Risk-adjusted return (90d)	-0.41	0.15

Relative strength over 90 days: USDY outperformed WEEUR by 2.5% — measured on the WEEUR/USDY ratio, so it holds regardless of market direction.

Liquid Euro →Ondo US Dollar Yield →