USDu vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 45.6× the size of USDu (USDU) by market capitalisation. Over the past 30 days, USDY is ahead by 0.1 percentage points (USDU -0.1% against USDY +0.0%). Their daily returns move barely in opposite directions (correlation -0.02 across 48 shared trading days). USDY has been the more volatile of the two, at 6% annualised against USDU's 1%.

Correlation: -0.02
Size ratio: 1 : 45.6
Ahead over 30 days: USDY

USDuUSDU

$0.998279

24h: -0.01%
Market cap: $52.48M
Volume 24h: $19,832
Volatility (ann.): 1%

Ondo US Dollar YieldUSDY

$1.1500

24h: +0.01%
Market cap: $2.40B
Volume 24h: $2.74M
Volatility (ann.): 6%

USDU 2.1%Share of the two combined market caps97.9% USDY

Performance

USDUUSDY

7 days-0.02%+0.00%USDY
30 days-0.12%+0.00%USDY

Correlation

-0.02over 48 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0890d: 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	USDU	USDY
Max drawdown (400d)	-0.2%	-0.9%
Risk-adjusted return (90d)	-0.17	0.15

Relative strength over 90 days: USDY outperformed USDU by 1.0% — measured on the USDU/USDY ratio, so it holds regardless of market direction.

USDu →Ondo US Dollar Yield →