Strata Senior USDat vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 543.9× the size of Strata Senior USDat (SRUSDAT) by market capitalisation. Over the past 30 days, SRUSDAT is ahead by 0.7 percentage points (SRUSDAT +0.7% against USDY +0.0%). Their daily returns move barely in opposite directions (correlation -0.20 across 22 shared trading days). USDY has been the more volatile of the two, at 6% annualised against SRUSDAT's 1%.

Correlation: -0.20
Size ratio: 1 : 543.9
Ahead over 30 days: SRUSDAT

Strata Senior USDatSRUSDAT

$1.0400

24h: +0.02%
Market cap: $4.40M
Volume 24h: —
Volatility (ann.): 1%

Ondo US Dollar YieldUSDY

$1.1500

24h: -0.02%
Market cap: $2.40B
Volume 24h: $2.90M
Volatility (ann.): 6%

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

Performance

SRUSDATUSDY

7 days+0.19%+0.00%SRUSDAT
30 days+0.68%+0.00%SRUSDAT

Correlation

-0.20over 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	SRUSDAT	USDY
Max drawdown (400d)	0.0%	-0.9%
Risk-adjusted return (90d)	0.85	0.15

Relative strength over 90 days: USDY outperformed SRUSDAT by 0.2% — measured on the SRUSDAT/USDY ratio, so it holds regardless of market direction.

Strata Senior USDat →Ondo US Dollar Yield →