Ondo Short-Term U.S. Government Bond Fund vs Invesco Short Duration US Government Securities Fund

Invesco Short Duration US Government Securities Fund (USTB) is 2.0× the size of Ondo Short-Term U.S. Government Bond Fund (OUSG) by market capitalisation. Over the past 30 days, USTB is ahead by 0.0 percentage points (OUSG +0.5% against USTB +0.5%). Their daily returns move closely together (correlation 0.71 across 58 shared trading days). USTB has been the more volatile of the two, at 1% annualised against OUSG's 0%.

Correlation: 0.71
Size ratio: 1 : 2.0
Ahead over 30 days: USTB

Ondo Short-Term U.S. Government Bond FundOUSG

$117.1400

24h: +0.01%
Market cap: $317.15M
Volume 24h: —
Volatility (ann.): 0%

Invesco Short Duration US Government Securities FundUSTB

$11.2700

24h: +0.01%
Market cap: $635.45M
Volume 24h: —
Volatility (ann.): 1%

OUSG 33.3%Share of the two combined market caps66.7% USTB

Performance

OUSGUSTB

7 days+0.07%+0.09%USTB
30 days+0.52%+0.54%USTB

Correlation

0.71over 58 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7790d: 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	USTB
Max drawdown (400d)	0.0%	0.0%
Risk-adjusted return (90d)	1.78	1.15

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

Ondo Short-Term U.S. Government Bond Fund →Invesco Short Duration US Government Securities Fund →