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

iShares Core S&P 500 ETF (Ondo Tokenized ETF) (IVVON) is 36.6× the size of iShares 0-3 Month Treasury Bond ETF • Robinhood Token (SGOV) by market capitalisation. Over the past 30 days, IVVON is ahead by 9.3 percentage points (SGOV +0.5% against IVVON +9.8%). Their daily returns move barely together (correlation 0.16 across 30 shared trading days). IVVON has been the more volatile of the two, at 71% annualised against SGOV's 1%.

Correlation: 0.16
Size ratio: 1 : 36.6
Ahead over 30 days: IVVON

iShares 0-3 Month Treasury Bond ETF • Robinhood TokenSGOV

$101.3900

24h: -0.30%
Market cap: $1.64M
Volume 24h: —
Volatility (ann.): 1%

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

$771.1900

24h: +0.89%
Market cap: $60.14M
Volume 24h: $1,208
Volatility (ann.): 71%

SGOV 2.7%Share of the two combined market caps97.3% IVVON

Performance

SGOVIVVON

7 days+0.27%-1.45%SGOV
30 days+0.47%+9.76%IVVON

Correlation

0.16over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1690d: 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	SGOV	IVVON
Max drawdown (400d)	-0.1%	-15.7%
Risk-adjusted return (90d)	0.70	-0.02

Relative strength over 90 days: SGOV outperformed IVVON by 2.4% — measured on the SGOV/IVVON ratio, so it holds regardless of market direction.

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