Rnt vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 47.4× the size of Rnt (RNT) by market capitalisation. Over the past 30 days, RNT is ahead by 12.2 percentage points (RNT +12.2% against USDY +0.0%). Their daily returns move barely together (correlation 0.06 across 48 shared trading days). RNT has been the more volatile of the two, at 21% annualised against USDY's 6%.

Correlation: 0.06
Size ratio: 1 : 47.4
Ahead over 30 days: RNT

RntRNT

$0.351813

24h: +0.15%
Market cap: $50.52M
Volume 24h: $11,533
Volatility (ann.): 21%

Ondo US Dollar YieldUSDY

$1.1500

24h: +0.14%
Market cap: $2.40B
Volume 24h: $4.06M
Volatility (ann.): 6%

RNT 2.1%Share of the two combined market caps97.9% USDY

Performance

RNTUSDY

7 days+2.29%+0.00%RNT
30 days+12.23%+0.00%RNT

Correlation

0.06over 48 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0590d: 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	RNT	USDY
Max drawdown (400d)	-1.3%	-0.9%
Risk-adjusted return (90d)	1.07	0.15

Relative strength over 90 days: RNT outperformed USDY by 21.4% — measured on the RNT/USDY ratio, so it holds regardless of market direction.

Rnt →Ondo US Dollar Yield →