iShares Core S&P Total US Stock Market ETF (Ondo Tokenized ETF) vs SPDR S&P 500 ETF (Ondo Tokenized ETF)

SPDR S&P 500 ETF (Ondo Tokenized ETF) (SPYON) is 3.8× 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 0.5 percentage points (ITOTON -0.7% against SPYON -1.2%). Their daily returns move barely together (correlation 0.31 across 24 shared trading days). ITOTON has been the more volatile of the two, at 42% annualised against SPYON's 10%.

Correlation: 0.31
Size ratio: 1 : 3.8
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%

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%

ITOTON 20.8%Share of the two combined market caps79.2% SPYON

Performance

ITOTONSPYON

7 days+1.11%-1.77%ITOTON
30 days-0.71%-1.20%ITOTON

Correlation

0.31over 24 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	SPYON
Max drawdown (400d)	-9.3%	-2.5%
Risk-adjusted return (90d)	-0.02	-0.12

Relative strength over 90 days: SPYON outperformed ITOTON by 0.8% — measured on the ITOTON/SPYON ratio, so it holds regardless of market direction.

iShares Core S&P Total US Stock Market ETF (Ondo Tokenized ETF) →SPDR S&P 500 ETF (Ondo Tokenized ETF) →