Ondo Short-Term U.S. Government Bond Fund vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 7.6× 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 USDY +0.0%). Their daily returns move barely in opposite directions (correlation -0.09 across 58 shared trading days). USDY has been the more volatile of the two, at 6% annualised against OUSG's 0%.

Correlation: -0.09
Size ratio: 1 : 7.6
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%

Ondo US Dollar YieldUSDY

$1.1500

24h: -0.12%
Market cap: $2.40B
Volume 24h: $3.92M
Volatility (ann.): 6%

OUSG 11.7%Share of the two combined market caps88.3% USDY

Performance

OUSGUSDY

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

Correlation

-0.09over 58 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0090d: 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	USDY
Max drawdown (400d)	0.0%	-0.9%
Risk-adjusted return (90d)	1.78	0.15

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

Ondo Short-Term U.S. Government Bond Fund →Ondo US Dollar Yield →