iShares MSCI Emerging Markets 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 8.8× the size of iShares MSCI Emerging Markets ETF (Ondo Tokenized ETF) (EEMON) by market capitalisation. Over the past 30 days, IVVON is ahead by 9.8 percentage points (EEMON -0.1% against IVVON +9.8%). Their daily returns move barely in opposite directions (correlation -0.32 across 25 shared trading days). IVVON has been the more volatile of the two, at 71% annualised against EEMON's 22%.

Correlation: -0.32
Size ratio: 1 : 8.8
Ahead over 30 days: IVVON

iShares MSCI Emerging Markets ETF (Ondo Tokenized ETF)EEMON

$61.2600

24h: -1.56%
Market cap: $6.83M
Volume 24h: $146
Volatility (ann.): 22%

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

$771.1900

24h: +0.89%
Market cap: $60.14M
Volume 24h: $1,208
Volatility (ann.): 71%

EEMON 10.2%Share of the two combined market caps89.8% IVVON

Performance

EEMONIVVON

7 days-2.38%-1.45%IVVON
30 days-0.06%+9.76%IVVON

Correlation

-0.32over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3290d: 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	EEMON	IVVON
Max drawdown (400d)	-5.3%	-15.7%
Risk-adjusted return (90d)	0.00	-0.02

Relative strength over 90 days: EEMON outperformed IVVON by 0.2% — measured on the EEMON/IVVON ratio, so it holds regardless of market direction.

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