Nest Treasury Vault vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 687.4× the size of Nest Treasury Vault (NTBILL) by market capitalisation. Over the past 30 days, NTBILL is ahead by 0.7 percentage points (NTBILL +0.7% against USDY +0.0%). Their daily returns move barely in opposite directions (correlation -0.00 across 24 shared trading days). NTBILL has been the more volatile of the two, at 151% annualised against USDY's 6%.

Correlation: -0.00
Size ratio: 1 : 687.4
Ahead over 30 days: NTBILL

Nest Treasury VaultNTBILL

$1.0620

24h: +0.03%
Market cap: $3.49M
Volume 24h: —
Volatility (ann.): 151%

Ondo US Dollar YieldUSDY

$1.1500

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

NTBILL 0.1%Share of the two combined market caps99.9% USDY

Performance

NTBILLUSDY

7 days+0.38%+0.00%NTBILL
30 days+0.66%+0.00%NTBILL

Correlation

-0.00over 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	NTBILL	USDY
Max drawdown (400d)	-25.9%	-0.9%
Risk-adjusted return (90d)	0.00	0.15

Relative strength over 90 days: USDY outperformed NTBILL by 0.2% — measured on the NTBILL/USDY ratio, so it holds regardless of market direction.

Nest Treasury Vault →Ondo US Dollar Yield →