Yield Optimizer USD vs Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is 322.4× the size of Yield Optimizer USD (YOUSD) by market capitalisation. Over the past 30 days, YOUSD is ahead by 0.4 percentage points (YOUSD +0.4% against USDY +0.0%). Their daily returns move barely in opposite directions (correlation -0.04 across 22 shared trading days). USDY has been the more volatile of the two, at 6% annualised against YOUSD's 1%.

Correlation: -0.04
Size ratio: 1 : 322.4
Ahead over 30 days: YOUSD

Yield Optimizer USDYOUSD

$1.0700

24h: +0.01%
Market cap: $7.43M
Volume 24h: —
Volatility (ann.): 1%

Ondo US Dollar YieldUSDY

$1.1500

24h: +0.14%
Market cap: $2.40B
Volume 24h: $4.06M
Volatility (ann.): 6%

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

Performance

YOUSDUSDY

7 days+0.09%+0.00%YOUSD
30 days+0.38%+0.00%YOUSD

Correlation

-0.04over 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	YOUSD	USDY
Max drawdown (400d)	0.0%	-0.9%
Risk-adjusted return (90d)	0.61	0.15

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

Yield Optimizer USD →Ondo US Dollar Yield →