Invesco NASDAQ 100 (ST0x Tokenized ETF) vs iShares Core S&P 500 ETF (Ondo Tokenized ETF)

iShares Core S&P 500 ETF (Ondo Tokenized ETF) (IVVON) is 5740.1× the size of Invesco NASDAQ 100 (ST0x Tokenized ETF) (WTQQQM) by market capitalisation. Over the past 30 days, IVVON is ahead by 15.9 percentage points (WTQQQM -6.5% against IVVON +9.4%). Their daily returns move barely together (correlation 0.18 across 21 shared trading days). IVVON has been the more volatile of the two, at 70% annualised against WTQQQM's 22%.

Correlation: 0.18
Size ratio: 1 : 5740.1
Ahead over 30 days: IVVON

Invesco NASDAQ 100 (ST0x Tokenized ETF)WTQQQM

$285.3400

24h: +1.63%
Market cap: $10,569
Volume 24h: $1,872
Volatility (ann.): 22%

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

$779.0600

24h: +0.55%
Market cap: $60.66M
Volume 24h: $214
Volatility (ann.): 70%

WTQQQM 0.0%Share of the two combined market caps100.0% IVVON

Performance

WTQQQMIVVON

7 days-3.72%+0.11%IVVON
30 days-6.49%+9.43%IVVON

Correlation

0.18over 21 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	WTQQQM	IVVON
Max drawdown (400d)	-10.2%	-15.7%
Risk-adjusted return (90d)	-0.29	0.01

Relative strength over 90 days: IVVON outperformed WTQQQM by 4.3% — measured on the WTQQQM/IVVON ratio, so it holds regardless of market direction.

Invesco NASDAQ 100 (ST0x Tokenized ETF) →iShares Core S&P 500 ETF (Ondo Tokenized ETF) →