Ondo Short-Term U.S. Government Bond Fund vs Circle USYC

Circle USYC (USYC) is 7.1× the size of Ondo Short-Term U.S. Government Bond Fund (OUSG) by market capitalisation. Over the past 30 days, OUSG is ahead by 0.5 percentage points (OUSG +0.5% against USYC +0.0%). Their daily returns move barely in opposite directions (correlation -0.03 across 56 shared trading days). USYC has been the more volatile of the two, at 2% annualised against OUSG's 0%.

Correlation: -0.03
Size ratio: 1 : 7.1
Ahead over 30 days: OUSG

Ondo Short-Term U.S. Government Bond FundOUSG

$117.1400

24h: +0.01%
Market cap: $316.93M
Volume 24h: —
Volatility (ann.): 0%

Circle USYCUSYC

$1.1400

24h: +0.01%
Market cap: $2.24B
Volume 24h: —
Volatility (ann.): 2%

OUSG 12.4%Share of the two combined market caps87.6% USYC

Performance

OUSGUSYC

7 days+0.07%+0.00%OUSG
30 days+0.52%+0.00%OUSG

Correlation

-0.03over 56 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	OUSG	USYC
Max drawdown (400d)	0.0%	0.0%
Risk-adjusted return (90d)	1.78	0.39

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

Ondo Short-Term U.S. Government Bond Fund →Circle USYC →