iShares MSCI South Korea ETF (Ondo Tokenized) vs Strategy Stretch Preferred (Ondo Tokenized)

Strategy Stretch Preferred (Ondo Tokenized) (STRCON) is 69.5× the size of iShares MSCI South Korea ETF (Ondo Tokenized) (EWYON) by market capitalisation. Over the past 90 days, STRCON is ahead by 20.6 percentage points (EWYON -1.6% against STRCON +18.9%). Their daily returns move barely together (correlation 0.04 across 93 shared trading days). EWYON has been the more volatile of the two, at 66% annualised against STRCON's 20%.

Correlation: 0.04
Size ratio: 1 : 69.5
Ahead over 90 days: STRCON

iShares MSCI South Korea ETF (Ondo Tokenized)EWYON

$151.1100

24h: -2.10%
Market cap: $763,419
Volume 24h: $466,113
Volatility (ann.): 66%

Strategy Stretch Preferred (Ondo Tokenized)STRCON

$106.6100

24h: -0.03%
Market cap: $53.02M
Volume 24h: $1.14M
Volatility (ann.): 20%

EWYON 1.4%Share of the two combined market caps98.6% STRCON

Performance

EWYONSTRCON

7 days-4.42%+0.80%STRCON
30 days-1.53%+3.71%STRCON
90 days-1.65%+18.91%STRCON

Correlation

0.04over 93 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1390d: 0.141y: 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	EWYON	STRCON
Max drawdown (400d)	-34.1%	-4.3%
Risk-adjusted return (90d)	-0.03	1.13

Relative strength over 90 days: STRCON outperformed EWYON by 16.9% — measured on the EWYON/STRCON ratio, so it holds regardless of market direction.

iShares MSCI South Korea ETF (Ondo Tokenized) →Strategy Stretch Preferred (Ondo Tokenized) →