Ondo US Dollar Yield vs Invesco Short Duration US Government Securities Fund

Ondo US Dollar Yield (USDY) is 3.8× the size of Invesco Short Duration US Government Securities Fund (USTB) by market capitalisation. Over the past 30 days, USTB is ahead by 0.5 percentage points (USDY +0.0% against USTB +0.5%). Their daily returns move barely in opposite directions (correlation -0.14 across 60 shared trading days). USDY has been the more volatile of the two, at 6% annualised against USTB's 1%.

Correlation: -0.14
Size ratio: 3.8×
Ahead over 30 days: USTB

Ondo US Dollar YieldUSDY

$1.1500

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

Invesco Short Duration US Government Securities FundUSTB

$11.2700

24h: +0.01%
Market cap: $625.35M
Volume 24h: —
Volatility (ann.): 1%

USDY 79.3%Share of the two combined market caps20.7% USTB

Performance

USDYUSTB

7 days+0.00%+0.09%USTB
30 days+0.00%+0.54%USTB

Correlation

-0.14over 60 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	USTB
Max drawdown (400d)	-0.9%	0.0%
Risk-adjusted return (90d)	0.15	1.17

Relative strength over 90 days: USDY outperformed USTB by 0.1% — measured on the USDY/USTB ratio, so it holds regardless of market direction.

Ondo US Dollar Yield →Invesco Short Duration US Government Securities Fund →