OpenAI (Tessera Pre-IPO) vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 2424.7× the size of OpenAI (Tessera Pre-IPO) (TOPENAI) by market capitalisation. Over the past 30 days, TOPENAI is ahead by 66.5 percentage points (TOPENAI +66.5% against USDY +0.0%). Their daily returns move barely in opposite directions (correlation -0.13 across 26 shared trading days). TOPENAI has been the more volatile of the two, at 254% annualised against USDY's 6%.

Correlation: -0.13
Size ratio: 1 : 2424.7
Ahead over 30 days: TOPENAI

OpenAI (Tessera Pre-IPO)TOPENAI

$1,443.93

24h: -2.80%
Market cap: $988,038
Volume 24h: $102,919
Volatility (ann.): 254%

Ondo US Dollar YieldUSDY

$1.1500

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

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

Performance

TOPENAIUSDY

7 days-11.90%+0.00%USDY
30 days+66.54%+0.00%TOPENAI

Correlation

-0.13over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1390d: 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	TOPENAI	USDY
Max drawdown (400d)	-34.2%	-0.9%
Risk-adjusted return (90d)	0.29	0.15

Relative strength over 90 days: TOPENAI outperformed USDY by 73.2% — measured on the TOPENAI/USDY ratio, so it holds regardless of market direction.

OpenAI (Tessera Pre-IPO) →Ondo US Dollar Yield →