iShares Core S&P Total US Stock Market ETF (Ondo Tokenized ETF) vs SP500 xStock

SP500 xStock (SPYX) is 5.8× the size of iShares Core S&P Total US Stock Market ETF (Ondo Tokenized ETF) (ITOTON) by market capitalisation. Over the past 30 days, ITOTON is ahead by 0.4 percentage points (ITOTON -0.7% against SPYX -1.1%). Their daily returns move loosely together (correlation 0.38 across 22 shared trading days). ITOTON has been the more volatile of the two, at 42% annualised against SPYX's 11%.

Correlation: 0.38
Size ratio: 1 : 5.8
Ahead over 30 days: ITOTON

iShares Core S&P Total US Stock Market ETF (Ondo Tokenized ETF)ITOTON

$166.3400

24h: —
Market cap: $12.49M
Volume 24h: —
Volatility (ann.): 42%

SP500 xStockSPYX

$773.2300

24h: +1.78%
Market cap: $72.29M
Volume 24h: $9.69M
Volatility (ann.): 11%

ITOTON 14.7%Share of the two combined market caps85.3% SPYX

Performance

ITOTONSPYX

7 days+1.11%-1.60%ITOTON
30 days-0.71%-1.10%ITOTON

Correlation

0.38over 22 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	ITOTON	SPYX
Max drawdown (400d)	-9.3%	-2.7%
Risk-adjusted return (90d)	-0.02	-0.14

Relative strength over 90 days: SPYX outperformed ITOTON by 0.4% — measured on the ITOTON/SPYX ratio, so it holds regardless of market direction.

iShares Core S&P Total US Stock Market ETF (Ondo Tokenized ETF) →SP500 xStock →