Propy vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 79.9× the size of Propy (PRO) by market capitalisation. Over the past 30 days, USDY is ahead by 15.9 percentage points (PRO -15.9% against USDY +0.0%). Their daily returns move barely together (correlation 0.21 across 46 shared trading days). PRO has been the more volatile of the two, at 63% annualised against USDY's 6%.

Correlation: 0.21
Size ratio: 1 : 79.9
Ahead over 30 days: USDY

PropyPRO

$0.299618

24h: -1.19%
Market cap: $29.96M
Volume 24h: $271,294
Volatility (ann.): 63%

Ondo US Dollar YieldUSDY

$1.1500

24h: +0.02%
Market cap: $2.40B
Volume 24h: $2.80M
Volatility (ann.): 6%

PRO 1.2%Share of the two combined market caps98.8% USDY

Performance

PROUSDY

7 days-4.56%+0.00%USDY
30 days-15.91%+0.00%USDY

Correlation

0.21over 46 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3990d: 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	PRO	USDY
Max drawdown (400d)	-24.5%	-0.9%
Risk-adjusted return (90d)	-0.25	0.15

Relative strength over 90 days: USDY outperformed PRO by 16.5% — measured on the PRO/USDY ratio, so it holds regardless of market direction.

Propy →Ondo US Dollar Yield →