Midas mRe7YIELD vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 291.1× the size of Midas mRe7YIELD (MRE7YIELD) by market capitalisation. Over the past 30 days, USDY is ahead by 4.8 percentage points (MRE7YIELD -4.8% against USDY +0.0%). Their daily returns move barely together (correlation 0.02 across 24 shared trading days). MRE7YIELD has been the more volatile of the two, at 17% annualised against USDY's 6%.

Correlation: 0.02
Size ratio: 1 : 291.1
Ahead over 30 days: USDY

Midas mRe7YIELDMRE7YIELD

$1.0840

24h: +0.00%
Market cap: $8.21M
Volume 24h: —
Volatility (ann.): 17%

Ondo US Dollar YieldUSDY

$1.1500

24h: -0.15%
Market cap: $2.39B
Volume 24h: $3.98M
Volatility (ann.): 6%

MRE7YIELD 0.3%Share of the two combined market caps99.7% USDY

Performance

MRE7YIELDUSDY

7 days-5.00%+0.00%USDY
30 days-4.82%+0.00%USDY

Correlation

0.02over 24 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	MRE7YIELD	USDY
Max drawdown (400d)	-5.0%	-0.9%
Risk-adjusted return (90d)	-0.29	0.15

Relative strength over 90 days: USDY outperformed MRE7YIELD by 5.7% — measured on the MRE7YIELD/USDY ratio, so it holds regardless of market direction.

Midas mRe7YIELD →Ondo US Dollar Yield →