GraniteShares 2X Long INTC ETF (bStocks Tokenized Stock) vs iShares Core S&P 500 ETF (Ondo Tokenized ETF)

iShares Core S&P 500 ETF (Ondo Tokenized ETF) (IVVON) is 82.0× the size of GraniteShares 2X Long INTC ETF (bStocks Tokenized Stock) (INTWB) by market capitalisation. Their daily returns move barely together (correlation 0.05 across 55 shared trading days). INTWB has been the more volatile of the two, at 180% annualised against IVVON's 71%.

Correlation: 0.05
Size ratio: 1 : 82.0

GraniteShares 2X Long INTC ETF (bStocks Tokenized Stock)INTWB

$6.3100

24h: -3.09%
Market cap: $735,289
Volume 24h: $198,135
Volatility (ann.): 180%

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

$774.5700

24h: +1.17%
Market cap: $60.31M
Volume 24h: $1,651
Volatility (ann.): 71%

INTWB 1.2%Share of the two combined market caps98.8% IVVON

Performance

INTWBIVVON

7 days-65.10%-1.45%IVVON
30 days-78.67%+9.76%IVVON
90 days-73.19%——

Correlation

0.05over 55 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	INTWB	IVVON
Max drawdown (400d)	-82.1%	-15.7%
Risk-adjusted return (90d)	-0.45	-0.02

Relative strength over 90 days: IVVON outperformed INTWB by 68.0% — measured on the INTWB/IVVON ratio, so it holds regardless of market direction.

GraniteShares 2X Long INTC ETF (bStocks Tokenized Stock) →iShares Core S&P 500 ETF (Ondo Tokenized ETF) →