SpaceX PreStocks vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 509.9× the size of SpaceX PreStocks (SPACEX) by market capitalisation. Over the past 30 days, USDY is ahead by 16.0 percentage points (SPACEX -16.0% against USDY +0.0%). Their daily returns move barely together (correlation 0.10 across 32 shared trading days). SPACEX has been the more volatile of the two, at 60% annualised against USDY's 6%.

Correlation: 0.10
Size ratio: 1 : 509.9
Ahead over 30 days: USDY

SpaceX PreStocksSPACEX

$536.5600

24h: +1.00%
Market cap: $4.69M
Volume 24h: $30,012
Volatility (ann.): 60%

Ondo US Dollar YieldUSDY

$1.1500

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

SPACEX 0.2%Share of the two combined market caps99.8% USDY

Performance

SPACEXUSDY

7 days-15.45%+0.00%USDY
30 days-15.96%+0.00%USDY

Correlation

0.10over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1090d: 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	SPACEX	USDY
Max drawdown (400d)	-16.7%	-0.9%
Risk-adjusted return (90d)	-0.05	0.15

Relative strength over 90 days: USDY outperformed SPACEX by 3.8% — measured on the SPACEX/USDY ratio, so it holds regardless of market direction.

SpaceX PreStocks →Ondo US Dollar Yield →