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

Ondo US Dollar Yield (USDY) is 3694.0× the size of SpaceX (Tessera Pre-IPO) (TSPACEX) by market capitalisation. Over the past 30 days, USDY is ahead by 2.3 percentage points (TSPACEX -2.3% against USDY +0.0%). Their daily returns move barely together (correlation 0.16 across 23 shared trading days). TSPACEX has been the more volatile of the two, at 9% annualised against USDY's 6%.

Correlation: 0.16
Size ratio: 1 : 3694.0
Ahead over 30 days: USDY

SpaceX (Tessera Pre-IPO)TSPACEX

$544.9200

24h: -0.03%
Market cap: $648,434
Volume 24h: $636,952
Volatility (ann.): 9%

Ondo US Dollar YieldUSDY

$1.1500

24h: -0.12%
Market cap: $2.40B
Volume 24h: $4.10M
Volatility (ann.): 6%

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

Performance

TSPACEXUSDY

7 days-2.05%+0.00%USDY
30 days-2.29%+0.00%USDY

Correlation

0.16over 23 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	TSPACEX	USDY
Max drawdown (400d)	-3.1%	-0.9%
Risk-adjusted return (90d)	-0.23	0.15

Relative strength over 90 days: USDY outperformed TSPACEX by 2.9% — measured on the TSPACEX/USDY ratio, so it holds regardless of market direction.

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