iShares 0-3 Month Treasury Bond ETF • Robinhood Token vs SP500 xStock

SP500 xStock (SPYX) is 43.5× the size of iShares 0-3 Month Treasury Bond ETF • Robinhood Token (SGOV) by market capitalisation. Over the past 30 days, SGOV is ahead by 1.6 percentage points (SGOV +0.5% against SPYX -1.1%). Their daily returns move barely together (correlation 0.06 across 30 shared trading days). SPYX has been the more volatile of the two, at 11% annualised against SGOV's 1%.

Correlation: 0.06
Size ratio: 1 : 43.5
Ahead over 30 days: SGOV

iShares 0-3 Month Treasury Bond ETF • Robinhood TokenSGOV

$101.3900

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

SP500 xStockSPYX

$766.1600

24h: +1.27%
Market cap: $71.48M
Volume 24h: $8.70M
Volatility (ann.): 11%

SGOV 2.2%Share of the two combined market caps97.8% SPYX

Performance

SGOVSPYX

7 days+0.27%-1.60%SGOV
30 days+0.47%-1.10%SGOV

Correlation

0.06over 30 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	SGOV	SPYX
Max drawdown (400d)	-0.1%	-2.7%
Risk-adjusted return (90d)	0.70	-0.14

Relative strength over 90 days: SGOV outperformed SPYX by 3.1% — measured on the SGOV/SPYX ratio, so it holds regardless of market direction.

iShares 0-3 Month Treasury Bond ETF • Robinhood Token →SP500 xStock →