Global X Uranium ETF (Ondo Tokenized) vs iShares Core S&P 500 ETF (Ondo Tokenized ETF)

iShares Core S&P 500 ETF (Ondo Tokenized ETF) (IVVON) is 175.1× the size of Global X Uranium ETF (Ondo Tokenized) (URAON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.03 across 35 shared trading days). IVVON has been the more volatile of the two, at 70% annualised against URAON's 48%.

Correlation: -0.03
Size ratio: 1 : 175.1

Global X Uranium ETF (Ondo Tokenized)URAON

$33.0700

24h: +0.47%
Market cap: $345,672
Volume 24h: $158,407
Volatility (ann.): 48%

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

$777.2600

24h: +1.77%
Market cap: $60.52M
Volume 24h: $159
Volatility (ann.): 70%

URAON 0.6%Share of the two combined market caps99.4% IVVON

Performance

URAONIVVON

7 days-6.02%+0.11%IVVON
30 days-11.40%+9.43%IVVON
90 days-6.44%——

Correlation

-0.03over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0690d: 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	URAON	IVVON
Max drawdown (400d)	-34.9%	-15.7%
Risk-adjusted return (90d)	-0.14	0.01

Relative strength over 90 days: IVVON outperformed URAON by 10.3% — measured on the URAON/IVVON ratio, so it holds regardless of market direction.

Global X Uranium ETF (Ondo Tokenized) →iShares Core S&P 500 ETF (Ondo Tokenized ETF) →