iShares MSCI India ETF (Ondo Tokenized) vs Strategy Stretch Preferred (Ondo Tokenized)

Strategy Stretch Preferred (Ondo Tokenized) (STRCON) is 2053.2× the size of iShares MSCI India ETF (Ondo Tokenized) (INDAON) by market capitalisation. Their daily returns move loosely together (correlation 0.37 across 21 shared trading days). INDAON has been the more volatile of the two, at 55% annualised against STRCON's 20%.

Correlation: 0.37
Size ratio: 1 : 2053.2

iShares MSCI India ETF (Ondo Tokenized)INDAON

$49.9200

24h: +2.63%
Market cap: $25,785
Volume 24h: $214
Volatility (ann.): 55%

Strategy Stretch Preferred (Ondo Tokenized)STRCON

$106.0800

24h: -0.58%
Market cap: $52.94M
Volume 24h: $488,313
Volatility (ann.): 20%

INDAON 0.0%Share of the two combined market caps100.0% STRCON

Performance

INDAONSTRCON

7 days-0.79%-0.14%STRCON
30 days-5.60%+3.40%STRCON
90 days—+19.05%—

Correlation

0.37over 21 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	INDAON	STRCON
Max drawdown (400d)	-11.0%	-4.3%
Risk-adjusted return (90d)	-0.10	1.14

Relative strength over 90 days: STRCON outperformed INDAON by 6.1% — measured on the INDAON/STRCON ratio, so it holds regardless of market direction.

iShares MSCI India ETF (Ondo Tokenized) →Strategy Stretch Preferred (Ondo Tokenized) →