iShares Core US Aggregate Bond 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 4.3× the size of iShares Core US Aggregate Bond ETF (Ondo Tokenized ETF) (AGGON) by market capitalisation. Their daily returns move closely together (correlation 0.60 across 35 shared trading days). IVVON has been the more volatile of the two, at 71% annualised against AGGON's 9%.

Correlation: 0.60
Size ratio: 1 : 4.3

iShares Core US Aggregate Bond ETF (Ondo Tokenized ETF)AGGON

$96.2900

24h: -0.03%
Market cap: $14.26M
Volume 24h: $120,562
Volatility (ann.): 9%

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

$778.2900

24h: +1.85%
Market cap: $60.60M
Volume 24h: $1,241
Volatility (ann.): 71%

AGGON 19.0%Share of the two combined market caps81.0% IVVON

Performance

AGGONIVVON

7 days-1.46%-1.45%IVVON
30 days-2.26%+9.76%IVVON
90 days-2.47%——
1 year-3.10%——

Correlation

0.60over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6090d: 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	AGGON	IVVON
Max drawdown (400d)	-6.4%	-15.7%
Risk-adjusted return (90d)	-0.21	-0.02

Relative strength over 90 days: IVVON outperformed AGGON by 2.1% — measured on the AGGON/IVVON ratio, so it holds regardless of market direction.

iShares Core US Aggregate Bond ETF (Ondo Tokenized ETF) →iShares Core S&P 500 ETF (Ondo Tokenized ETF) →