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

iShares Core S&P 500 ETF (Ondo Tokenized ETF) (IVVON) is 7.1× the size of iShares 0-3 Month Treasury Bond ETF (Ondo Tokenized ETF) (SGOVON) by market capitalisation. Over the past 30 days, IVVON is ahead by 6.2 percentage points (SGOVON +3.5% against IVVON +9.8%). Their daily returns move barely in opposite directions (correlation -0.21 across 35 shared trading days). IVVON has been the more volatile of the two, at 71% annualised against SGOVON's 12%.

Correlation: -0.21
Size ratio: 1 : 7.1
Ahead over 30 days: IVVON

iShares 0-3 Month Treasury Bond ETF (Ondo Tokenized ETF)SGOVON

$102.8600

24h: +0.00%
Market cap: $8.50M
Volume 24h: $124,018
Volatility (ann.): 12%

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

$778.2700

24h: +1.24%
Market cap: $60.60M
Volume 24h: $820
Volatility (ann.): 71%

SGOVON 12.3%Share of the two combined market caps87.7% IVVON

Performance

SGOVONIVVON

7 days-0.04%-1.45%SGOVON
30 days+3.55%+9.76%IVVON

Correlation

-0.21over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2190d: 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	SGOVON	IVVON
Max drawdown (400d)	-1.5%	-15.7%
Risk-adjusted return (90d)	0.29	-0.02

Relative strength over 90 days: SGOVON outperformed IVVON by 4.7% — measured on the SGOVON/IVVON ratio, so it holds regardless of market direction.

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