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

SPDR S&P 500 ETF (Ondo Tokenized ETF) (SPYON) is 64.1× the size of GraniteShares 2X Long INTC ETF (bStocks Tokenized Stock) (INTWB) by market capitalisation. Their daily returns move loosely together (correlation 0.58 across 53 shared trading days). INTWB has been the more volatile of the two, at 180% annualised against SPYON's 10%.

Correlation: 0.58
Size ratio: 1 : 64.1

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%

SPDR S&P 500 ETF (Ondo Tokenized ETF)SPYON

$768.2800

24h: +1.15%
Market cap: $47.12M
Volume 24h: $1.56M
Volatility (ann.): 10%

INTWB 1.5%Share of the two combined market caps98.5% SPYON

Performance

INTWBSPYON

7 days-65.10%-1.77%SPYON
30 days-78.67%-1.20%SPYON
90 days-73.19%——

Correlation

0.58over 53 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7390d: 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	SPYON
Max drawdown (400d)	-82.1%	-2.5%
Risk-adjusted return (90d)	-0.45	-0.12

Relative strength over 90 days: SPYON outperformed INTWB by 65.1% — measured on the INTWB/SPYON ratio, so it holds regardless of market direction.

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