iShares Core MSCI Emerging Markets 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 6.7× the size of iShares Core MSCI Emerging Markets ETF (Ondo Tokenized ETF) (IEMGON) by market capitalisation. Over the past 30 days, IVVON is ahead by 9.7 percentage points (IEMGON +0.0% against IVVON +9.8%). Their daily returns move barely in opposite directions (correlation -0.13 across 23 shared trading days). IVVON has been the more volatile of the two, at 71% annualised against IEMGON's 22%.

Correlation: -0.13
Size ratio: 1 : 6.7
Ahead over 30 days: IVVON

iShares Core MSCI Emerging Markets ETF (Ondo Tokenized ETF)IEMGON

$74.6500

24h: -1.87%
Market cap: $9.02M
Volume 24h: $374
Volatility (ann.): 22%

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

$773.7300

24h: +1.19%
Market cap: $60.24M
Volume 24h: $1,666
Volatility (ann.): 71%

IEMGON 13.0%Share of the two combined market caps87.0% IVVON

Performance

IEMGONIVVON

7 days+1.25%-1.45%IEMGON
30 days+0.04%+9.76%IVVON

Correlation

-0.13over 23 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	IEMGON	IVVON
Max drawdown (400d)	-4.8%	-15.7%
Risk-adjusted return (90d)	0.00	-0.02

Relative strength over 90 days: IVVON outperformed IEMGON by 0.6% — measured on the IEMGON/IVVON ratio, so it holds regardless of market direction.

iShares Core MSCI Emerging Markets ETF (Ondo Tokenized ETF) →iShares Core S&P 500 ETF (Ondo Tokenized ETF) →