USTBL vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 74.3× the size of USTBL (USTBL) by market capitalisation. Over the past 30 days, USTBL is ahead by 0.4 percentage points (USTBL +0.4% against USDY +0.0%). Their daily returns move barely together (correlation 0.15 across 44 shared trading days). USDY has been the more volatile of the two, at 6% annualised against USTBL's 4%.

Correlation: 0.15
Size ratio: 1 : 74.3
Ahead over 30 days: USTBL

USTBLUSTBL

$1.0710

24h: +0.22%
Market cap: $32.26M
Volume 24h: $734
Volatility (ann.): 4%

Ondo US Dollar YieldUSDY

$1.1500

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

USTBL 1.3%Share of the two combined market caps98.7% USDY

Performance

USTBLUSDY

7 days+0.38%+0.00%USTBL
30 days+0.38%+0.00%USTBL

Correlation

0.15over 44 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1890d: 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	USTBL	USDY
Max drawdown (400d)	-0.6%	-0.9%
Risk-adjusted return (90d)	0.19	0.15

Relative strength over 90 days: USDY outperformed USTBL by 0.0% — measured on the USTBL/USDY ratio, so it holds regardless of market direction.

USTBL →Ondo US Dollar Yield →