abrdn Physical Palladium Shares ETF (Ondo Tokenized ETF) vs iShares Core S&P 500 ETF (Ondo Tokenized ETF)

iShares Core S&P 500 ETF (Ondo Tokenized ETF) (IVVON) is 181.2× the size of abrdn Physical Palladium Shares ETF (Ondo Tokenized ETF) (PALLON) by market capitalisation. Over the past 30 days, IVVON is ahead by 27.6 percentage points (PALLON -17.8% against IVVON +9.8%). Their daily returns move barely in opposite directions (correlation -0.12 across 20 shared trading days). IVVON has been the more volatile of the two, at 71% annualised against PALLON's 32%.

Correlation: -0.12
Size ratio: 1 : 181.2
Ahead over 30 days: IVVON

abrdn Physical Palladium Shares ETF (Ondo Tokenized ETF)PALLON

$85.0600

24h: -2.66%
Market cap: $331,993
Volume 24h: $19
Volatility (ann.): 32%

iShares Core S&P 500 ETF (Ondo Tokenized ETF)IVVON

$771.1900

24h: +0.89%
Market cap: $60.14M
Volume 24h: $1,208
Volatility (ann.): 71%

PALLON 0.5%Share of the two combined market caps99.5% IVVON

Performance

PALLONIVVON

7 days-7.28%-1.45%IVVON
30 days-17.81%+9.76%IVVON

Correlation

-0.12over 20 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	PALLON	IVVON
Max drawdown (400d)	-17.8%	-15.7%
Risk-adjusted return (90d)	-0.56	-0.02

Relative strength over 90 days: IVVON outperformed PALLON by 14.1% — measured on the PALLON/IVVON ratio, so it holds regardless of market direction.

abrdn Physical Palladium Shares ETF (Ondo Tokenized ETF) →iShares Core S&P 500 ETF (Ondo Tokenized ETF) →