Steakhouse Confidential Prime USDC vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 91.2× the size of Steakhouse Confidential Prime USDC (STEAKCUSDC) by market capitalisation. Over the past 30 days, STEAKCUSDC is ahead by 0.1 percentage points (STEAKCUSDC +1.0% against USDY +0.9%). Their daily returns move barely in opposite directions (correlation -0.08 across 45 shared trading days). USDY has been the more volatile of the two, at 6% annualised against STEAKCUSDC's 2%.

Correlation: -0.08
Size ratio: 1 : 91.2
Ahead over 30 days: STEAKCUSDC

Steakhouse Confidential Prime USDCSTEAKCUSDC

$1.0300

24h: +0.03%
Market cap: $26.26M
Volume 24h: —
Volatility (ann.): 2%

Ondo US Dollar YieldUSDY

$1.1500

24h: -0.12%
Market cap: $2.39B
Volume 24h: $2.39M
Volatility (ann.): 6%

STEAKCUSDC 1.1%Share of the two combined market caps98.9% USDY

Performance

STEAKCUSDCUSDY

7 days+0.19%+0.00%STEAKCUSDC
30 days+0.98%+0.88%STEAKCUSDC

Correlation

-0.08over 45 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1590d: 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	STEAKCUSDC	USDY
Max drawdown (400d)	-0.2%	-0.9%
Risk-adjusted return (90d)	0.67	0.15

Relative strength over 90 days: STEAKCUSDC outperformed USDY by 0.5% — measured on the STEAKCUSDC/USDY ratio, so it holds regardless of market direction.

Steakhouse Confidential Prime USDC →Ondo US Dollar Yield →