Strata Junior USDat vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 2497.1× the size of Strata Junior USDat (JRUSDAT) by market capitalisation. Over the past 30 days, JRUSDAT is ahead by 11.8 percentage points (JRUSDAT +11.8% against USDY +0.0%). Their daily returns move barely in opposite directions (correlation -0.02 across 20 shared trading days). JRUSDAT has been the more volatile of the two, at 48% annualised against USDY's 6%.

Correlation: -0.02
Size ratio: 1 : 2497.1
Ahead over 30 days: JRUSDAT

Strata Junior USDatJRUSDAT

$0.544529

24h: +3.77%
Market cap: $957,937
Volume 24h: —
Volatility (ann.): 48%

Ondo US Dollar YieldUSDY

$1.1500

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

JRUSDAT 0.0%Share of the two combined market caps100.0% USDY

Performance

JRUSDATUSDY

7 days+2.44%+0.00%JRUSDAT
30 days+11.82%+0.00%JRUSDAT

Correlation

-0.02over 20 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	JRUSDAT	USDY
Max drawdown (400d)	-11.4%	-0.9%
Risk-adjusted return (90d)	0.25	0.15

Relative strength over 90 days: JRUSDAT outperformed USDY by 9.4% — measured on the JRUSDAT/USDY ratio, so it holds regardless of market direction.

Strata Junior USDat →Ondo US Dollar Yield →