Polymarket PreStocks vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 2996.0× the size of Polymarket PreStocks (POLYMARKET) by market capitalisation. Over the past 30 days, USDY is ahead by 7.2 percentage points (POLYMARKET -7.2% against USDY +0.0%). Their daily returns move barely in opposite directions (correlation -0.27 across 28 shared trading days). POLYMARKET has been the more volatile of the two, at 44% annualised against USDY's 6%.

Correlation: -0.27
Size ratio: 1 : 2996.0
Ahead over 30 days: USDY

Polymarket PreStocksPOLYMARKET

$165.7800

24h: +22.60%
Market cap: $798,408
Volume 24h: $3.16M
Volatility (ann.): 44%

Ondo US Dollar YieldUSDY

$1.1500

24h: +0.09%
Market cap: $2.39B
Volume 24h: $4.03M
Volatility (ann.): 6%

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

Performance

POLYMARKETUSDY

7 days-5.43%+0.00%USDY
30 days-7.21%+0.00%USDY

Correlation

-0.27over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2790d: 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	POLYMARKET	USDY
Max drawdown (400d)	-12.7%	-0.9%
Risk-adjusted return (90d)	-0.17	0.15

Relative strength over 90 days: USDY outperformed POLYMARKET by 8.2% — measured on the POLYMARKET/USDY ratio, so it holds regardless of market direction.

Polymarket PreStocks →Ondo US Dollar Yield →