iShares MSCI EAFE 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 5.4× the size of iShares MSCI EAFE ETF (Ondo Tokenized ETF) (EFAON) by market capitalisation. Over the past 30 days, IVVON is ahead by 13.7 percentage points (EFAON -4.0% against IVVON +9.8%). Their daily returns move loosely together (correlation 0.59 across 24 shared trading days). Both have run at a similar volatility, around 68% annualised.

Correlation: 0.59
Size ratio: 1 : 5.4
Ahead over 30 days: IVVON

iShares MSCI EAFE ETF (Ondo Tokenized ETF)EFAON

$105.7000

24h: -0.49%
Market cap: $11.08M
Volume 24h: $1
Volatility (ann.): 65%

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

$773.7300

24h: +1.19%
Market cap: $60.24M
Volume 24h: $1,666
Volatility (ann.): 71%

EFAON 15.5%Share of the two combined market caps84.5% IVVON

Performance

EFAONIVVON

7 days-0.50%-1.45%EFAON
30 days-3.99%+9.76%IVVON

Correlation

0.59over 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	EFAON	IVVON
Max drawdown (400d)	-14.9%	-15.7%
Risk-adjusted return (90d)	-0.06	-0.02

Relative strength over 90 days: IVVON outperformed EFAON by 3.8% — measured on the EFAON/IVVON ratio, so it holds regardless of market direction.

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