Nest WisdomTree Vault vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 152109.3× the size of Nest WisdomTree Vault (NWISDOM) by market capitalisation. Over the past 30 days, USDY is ahead by 4.4 percentage points (NWISDOM -4.4% against USDY +0.0%). Their daily returns move barely in opposite directions (correlation -0.02 across 21 shared trading days). USDY has been the more volatile of the two, at 6% annualised against NWISDOM's 4%.

Correlation: -0.02
Size ratio: 1 : 152109.3
Ahead over 30 days: USDY

Nest WisdomTree VaultNWISDOM

$0.892578

24h: +0.00%
Market cap: $15,750
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%

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

Performance

NWISDOMUSDY

7 days-1.64%+0.00%USDY
30 days-4.36%+0.00%USDY

Correlation

-0.02over 21 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	NWISDOM	USDY
Max drawdown (400d)	-5.1%	-0.9%
Risk-adjusted return (90d)	-1.23	0.15

Relative strength over 90 days: USDY outperformed NWISDOM by 5.1% — measured on the NWISDOM/USDY ratio, so it holds regardless of market direction.

Nest WisdomTree Vault →Ondo US Dollar Yield →