xHYPE vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 263.0× the size of xHYPE (XHYPE) by market capitalisation. Over the past 30 days, XHYPE is ahead by 1.3 percentage points (XHYPE +1.3% against USDY +0.0%). Their daily returns move barely together (correlation 0.05 across 32 shared trading days). XHYPE has been the more volatile of the two, at 8% annualised against USDY's 6%.

Correlation: 0.05
Size ratio: 1 : 263.0
Ahead over 30 days: XHYPE

xHYPEXHYPE

$1.0610

24h: +0.27%
Market cap: $9.11M
Volume 24h: $154
Volatility (ann.): 8%

Ondo US Dollar YieldUSDY

$1.1500

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

XHYPE 0.4%Share of the two combined market caps99.6% USDY

Performance

XHYPEUSDY

7 days+0.47%+0.00%XHYPE
30 days+1.33%+0.00%XHYPE

Correlation

0.05over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0590d: 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	XHYPE	USDY
Max drawdown (400d)	-2.0%	-0.9%
Risk-adjusted return (90d)	0.16	0.15

Relative strength over 90 days: XHYPE outperformed USDY by 0.5% — measured on the XHYPE/USDY ratio, so it holds regardless of market direction.

xHYPE →Ondo US Dollar Yield →