United States Oil Fund • Robinhood Token vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 988.8× the size of United States Oil Fund • Robinhood Token (USO) by market capitalisation. Over the past 30 days, USO is ahead by 10.4 percentage points (USO +10.4% against USDY +0.0%). Their daily returns move barely together (correlation 0.06 across 28 shared trading days). USO has been the more volatile of the two, at 58% annualised against USDY's 6%.

Correlation: 0.06
Size ratio: 1 : 988.8
Ahead over 30 days: USO

United States Oil Fund • Robinhood TokenUSO

$156.6900

24h: -0.79%
Market cap: $2.42M
Volume 24h: $3.05M
Volatility (ann.): 58%

Ondo US Dollar YieldUSDY

$1.1500

24h: +0.12%
Market cap: $2.40B
Volume 24h: $2.78M
Volatility (ann.): 6%

USO 0.1%Share of the two combined market caps99.9% USDY

Performance

USOUSDY

7 days+5.38%+0.00%USO
30 days+10.38%+0.00%USO

Correlation

0.06over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0690d: 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	USO	USDY
Max drawdown (400d)	-11.2%	-0.9%
Risk-adjusted return (90d)	0.37	0.15

Relative strength over 90 days: USO outperformed USDY by 20.5% — measured on the USO/USDY ratio, so it holds regardless of market direction.

United States Oil Fund • Robinhood Token →Ondo US Dollar Yield →