Ondo US Dollar Yield vs Circle USYC

Ondo US Dollar Yield (USDY) is 1.1× the size of Circle USYC (USYC) by market capitalisation. Over the past 30 days, USDY is ahead by 0.0 percentage points (USDY +0.0% against USYC +0.0%). Their daily returns move barely in opposite directions (correlation -0.01 across 58 shared trading days). USDY has been the more volatile of the two, at 6% annualised against USYC's 2%.

Correlation: -0.01
Size ratio: 1.1×
Ahead over 30 days: USDY

Ondo US Dollar YieldUSDY

$1.1500

24h: -0.20%
Market cap: $2.39B
Volume 24h: $3.91M
Volatility (ann.): 6%

Circle USYCUSYC

$1.1400

24h: +0.01%
Market cap: $2.19B
Volume 24h: —
Volatility (ann.): 2%

USDY 52.3%Share of the two combined market caps47.7% USYC

Performance

USDYUSYC

7 days+0.00%+0.00%USDY
30 days+0.00%+0.00%USDY

Correlation

-0.01over 58 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	USDY	USYC
Max drawdown (400d)	-0.9%	0.0%
Risk-adjusted return (90d)	0.15	0.40

Relative strength over 90 days: USYC outperformed USDY by 0.0% — measured on the USDY/USYC ratio, so it holds regardless of market direction.

Ondo US Dollar Yield →Circle USYC →