THORChain Yield vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 68.6× the size of THORChain Yield (TCY) by market capitalisation. Over the past 30 days, TCY is ahead by 1.8 percentage points (TCY +1.8% against USDY +0.0%). Their daily returns move barely together (correlation 0.03 across 44 shared trading days). TCY has been the more volatile of the two, at 130% annualised against USDY's 6%.

Correlation: 0.03
Size ratio: 1 : 68.6
Ahead over 30 days: TCY

THORChain YieldTCY

$0.188349

24h: +11.26%
Market cap: $34.93M
Volume 24h: $213,542
Volatility (ann.): 130%

Ondo US Dollar YieldUSDY

$1.1500

24h: -0.06%
Market cap: $2.39B
Volume 24h: $2.61M
Volatility (ann.): 6%

TCY 1.4%Share of the two combined market caps98.6% USDY

Performance

TCYUSDY

7 days-7.32%+0.00%USDY
30 days+1.82%+0.00%TCY

Correlation

0.03over 44 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0390d: 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	TCY	USDY
Max drawdown (400d)	-31.7%	-0.9%
Risk-adjusted return (90d)	0.13	0.15

Relative strength over 90 days: TCY outperformed USDY by 15.9% — measured on the TCY/USDY ratio, so it holds regardless of market direction.

THORChain Yield →Ondo US Dollar Yield →