BlackRock iShares 0-3 Month Treasury Bond (ST0x Tokenized ETF) vs iShares Core S&P 500 ETF (Ondo Tokenized ETF)

iShares Core S&P 500 ETF (Ondo Tokenized ETF) (IVVON) is 1343.1× the size of BlackRock iShares 0-3 Month Treasury Bond (ST0x Tokenized ETF) (WTSGOV) by market capitalisation. Over the past 30 days, IVVON is ahead by 8.9 percentage points (WTSGOV +0.5% against IVVON +9.4%). Their daily returns move barely together (correlation 0.01 across 30 shared trading days). IVVON has been the more volatile of the two, at 70% annualised against WTSGOV's 4%.

Correlation: 0.01
Size ratio: 1 : 1343.1
Ahead over 30 days: IVVON

BlackRock iShares 0-3 Month Treasury Bond (ST0x Tokenized ETF)WTSGOV

$102.0500

24h: +0.11%
Market cap: $43,080
Volume 24h: $286,067
Volatility (ann.): 4%

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

$742.8900

24h: -4.41%
Market cap: $57.86M
Volume 24h: $3,310
Volatility (ann.): 70%

WTSGOV 0.1%Share of the two combined market caps99.9% IVVON

Performance

WTSGOVIVVON

7 days-0.08%+0.11%IVVON
30 days+0.53%+9.43%IVVON

Correlation

0.01over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0190d: 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	WTSGOV	IVVON
Max drawdown (400d)	-0.7%	-15.7%
Risk-adjusted return (90d)	0.18	0.01

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

BlackRock iShares 0-3 Month Treasury Bond (ST0x Tokenized ETF) →iShares Core S&P 500 ETF (Ondo Tokenized ETF) →