Palm Economy vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 3451.3× the size of Palm Economy (PALM) by market capitalisation. Over the past 30 days, USDY is ahead by 22.9 percentage points (PALM -22.9% against USDY +0.0%). Their daily returns move barely together (correlation 0.06 across 20 shared trading days). PALM has been the more volatile of the two, at 165% annualised against USDY's 6%.

Correlation: 0.06
Size ratio: 1 : 3451.3
Ahead over 30 days: USDY

Palm EconomyPALM

$5.501e-5

24h: +3.31%
Market cap: $694,036
Volume 24h: $236
Volatility (ann.): 165%

Ondo US Dollar YieldUSDY

$1.1500

24h: -0.12%
Market cap: $2.40B
Volume 24h: $4.00M
Volatility (ann.): 6%

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

Performance

PALMUSDY

7 days+3.82%+0.00%PALM
30 days-22.94%+0.00%USDY

Correlation

0.06over 20 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	PALM	USDY
Max drawdown (400d)	-49.0%	-0.9%
Risk-adjusted return (90d)	-0.14	0.15

Relative strength over 90 days: USDY outperformed PALM by 23.0% — measured on the PALM/USDY ratio, so it holds regardless of market direction.

Palm Economy →Ondo US Dollar Yield →