iShares Core S&P 500 ETF (Ondo Tokenized ETF) vs SPDR S&P 500 ETF (Ondo Tokenized ETF)

iShares Core S&P 500 ETF (Ondo Tokenized ETF) (IVVON) is 1.3× the size of SPDR S&P 500 ETF (Ondo Tokenized ETF) (SPYON) by market capitalisation. Over the past 30 days, IVVON is ahead by 11.0 percentage points (IVVON +9.8% against SPYON -1.2%). Their daily returns move barely in opposite directions (correlation -0.00 across 51 shared trading days). IVVON has been the more volatile of the two, at 71% annualised against SPYON's 10%.

Correlation: -0.00
Size ratio: 1.3×
Ahead over 30 days: IVVON

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

$777.5200

24h: +1.22%
Market cap: $60.56M
Volume 24h: $1,326
Volatility (ann.): 71%

SPDR S&P 500 ETF (Ondo Tokenized ETF)SPYON

$773.2700

24h: +1.54%
Market cap: $47.45M
Volume 24h: $1.67M
Volatility (ann.): 10%

IVVON 56.1%Share of the two combined market caps43.9% SPYON

Performance

IVVONSPYON

7 days-1.45%-1.77%IVVON
30 days+9.76%-1.20%IVVON

Correlation

-0.00over 51 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0490d: 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	IVVON	SPYON
Max drawdown (400d)	-15.7%	-2.5%
Risk-adjusted return (90d)	-0.02	-0.12

Relative strength over 90 days: IVVON outperformed SPYON by 0.3% — measured on the IVVON/SPYON ratio, so it holds regardless of market direction.

iShares Core S&P 500 ETF (Ondo Tokenized ETF) →SPDR S&P 500 ETF (Ondo Tokenized ETF) →