Wrapped iTRY vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 367.5× the size of Wrapped iTRY (WITRY) by market capitalisation. Over the past 30 days, WITRY is ahead by 1.0 percentage points (WITRY +1.0% against USDY +0.0%). Their daily returns move barely in opposite directions (correlation -0.24 across 22 shared trading days). USDY has been the more volatile of the two, at 6% annualised against WITRY's 4%.

Correlation: -0.24
Size ratio: 1 : 367.5
Ahead over 30 days: WITRY

Wrapped iTRYWITRY

$0.024157

24h: -0.03%
Market cap: $6.52M
Volume 24h: —
Volatility (ann.): 4%

Ondo US Dollar YieldUSDY

$1.1500

24h: -0.12%
Market cap: $2.40B
Volume 24h: $4.00M
Volatility (ann.): 6%

WITRY 0.3%Share of the two combined market caps99.7% USDY

Performance

WITRYUSDY

7 days+0.16%+0.00%WITRY
30 days+0.97%+0.00%WITRY

Correlation

-0.24over 22 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	WITRY	USDY
Max drawdown (400d)	-0.8%	-0.9%
Risk-adjusted return (90d)	0.24	0.15

Relative strength over 90 days: WITRY outperformed USDY by 0.1% — measured on the WITRY/USDY ratio, so it holds regardless of market direction.

Wrapped iTRY →Ondo US Dollar Yield →