SpaceX (Republic Pre-IPO) vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 186.3× the size of SpaceX (Republic Pre-IPO) (PRESPCX) by market capitalisation. Over the past 30 days, PRESPCX is ahead by 5.6 percentage points (PRESPCX +5.6% against USDY +0.0%). Their daily returns move barely in opposite directions (correlation -0.02 across 22 shared trading days). PRESPCX has been the more volatile of the two, at 45% annualised against USDY's 6%.

Correlation: -0.02
Size ratio: 1 : 186.3
Ahead over 30 days: PRESPCX

SpaceX (Republic Pre-IPO)PRESPCX

$135.2800

24h: -1.04%
Market cap: $12.84M
Volume 24h: $538,906
Volatility (ann.): 45%

Ondo US Dollar YieldUSDY

$1.1500

24h: +0.03%
Market cap: $2.39B
Volume 24h: $3.89M
Volatility (ann.): 6%

PRESPCX 0.5%Share of the two combined market caps99.5% USDY

Performance

PRESPCXUSDY

7 days-2.23%+0.00%USDY
30 days+5.63%+0.00%PRESPCX

Correlation

-0.02over 22 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	PRESPCX	USDY
Max drawdown (400d)	-6.6%	-0.9%
Risk-adjusted return (90d)	0.12	0.15

Relative strength over 90 days: PRESPCX outperformed USDY by 4.7% — measured on the PRESPCX/USDY ratio, so it holds regardless of market direction.

SpaceX (Republic Pre-IPO) →Ondo US Dollar Yield →