Bred by Anderson Farms of St. Thomas, Ontario, he was out of the unraced mare Bialy, a daughter of U.S.
In the second leg of the Canadian Triple Crown series, the Prince of Wales Stakes, Alydeed was sent off as the prohibitive favorite at 1/9 odds.
Alydeed then elected to skip the third jewel of the Canadian Triple Crown opting for the Grade 1 Travers Stakes at Saratoga Race Course where he finished eighth to Thunder Rumble as the 8-5 favourite.
His wins included the Commonwealth Breeders' Cup Stakes at Keeneland Race Course in Lexington, Kentucky and the Grade I Carter Handicap at New Yorks Aqueduct Racetrack.
Retired to stud duty, Alydeed stood at Windfields Farm where he was Canada's leading sire for 2001.