iShares MSCI India ETF • Robinhood Token vs iShares Core S&P 500 ETF (Ondo Tokenized ETF)

iShares Core S&P 500 ETF (Ondo Tokenized ETF) (IVVON) is 633.3× the size of iShares MSCI India ETF • Robinhood Token (INDA) by market capitalisation. Over the past 30 days, IVVON is ahead by 3.4 percentage points (INDA +6.0% against IVVON +9.4%). Their daily returns move barely in opposite directions (correlation -0.04 across 21 shared trading days). IVVON has been the more volatile of the two, at 70% annualised against INDA's 19%.

Correlation: -0.04
Size ratio: 1 : 633.3
Ahead over 30 days: IVVON

iShares MSCI India ETF • Robinhood TokenINDA

$49.8200

24h: +1.87%
Market cap: $95,579
Volume 24h: $4,481
Volatility (ann.): 19%

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

$777.3700

24h: +1.13%
Market cap: $60.53M
Volume 24h: $138
Volatility (ann.): 70%

INDA 0.2%Share of the two combined market caps99.8% IVVON

Performance

INDAIVVON

7 days+5.33%+0.11%INDA
30 days+6.01%+9.43%IVVON

Correlation

-0.04over 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	INDA	IVVON
Max drawdown (400d)	-3.0%	-15.7%
Risk-adjusted return (90d)	0.33	0.01

Relative strength over 90 days: INDA outperformed IVVON by 3.2% — measured on the INDA/IVVON ratio, so it holds regardless of market direction.

iShares MSCI India ETF • Robinhood Token →iShares Core S&P 500 ETF (Ondo Tokenized ETF) →