iShares Core S&P Total US Stock Market ETF (Ondo Tokenized ETF) vs Strategy Stretch Preferred (Ondo Tokenized)

Strategy Stretch Preferred (Ondo Tokenized) (STRCON) is 4.3× the size of iShares Core S&P Total US Stock Market ETF (Ondo Tokenized ETF) (ITOTON) by market capitalisation. Their daily returns move loosely together (correlation 0.38 across 27 shared trading days). ITOTON has been the more volatile of the two, at 42% annualised against STRCON's 20%.

Correlation: 0.38
Size ratio: 1 : 4.3

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%

Strategy Stretch Preferred (Ondo Tokenized)STRCON

$106.4800

24h: -0.47%
Market cap: $53.14M
Volume 24h: $700,457
Volatility (ann.): 20%

ITOTON 19.0%Share of the two combined market caps81.0% STRCON

Performance

ITOTONSTRCON

7 days+1.11%+0.80%ITOTON
30 days-0.71%+3.71%STRCON
90 days—+18.91%—

Correlation

0.38over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3890d: 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	STRCON
Max drawdown (400d)	-9.3%	-4.3%
Risk-adjusted return (90d)	-0.02	1.13

Relative strength over 90 days: STRCON outperformed ITOTON by 2.8% — measured on the ITOTON/STRCON ratio, so it holds regardless of market direction.

iShares Core S&P Total US Stock Market ETF (Ondo Tokenized ETF) →Strategy Stretch Preferred (Ondo Tokenized) →