iShares Russell 1000 Growth 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 6.8× the size of iShares Russell 1000 Growth ETF (Ondo Tokenized ETF) (IWFON) by market capitalisation. Over the past 30 days, IVVON is ahead by 7.4 percentage points (IWFON +2.4% against IVVON +9.8%). Their daily returns move barely in opposite directions (correlation -0.09 across 22 shared trading days). IVVON has been the more volatile of the two, at 71% annualised against IWFON's 15%.

Correlation: -0.09
Size ratio: 1 : 6.8
Ahead over 30 days: IVVON

iShares Russell 1000 Growth ETF (Ondo Tokenized ETF)IWFON

$471.2300

24h: +0.20%
Market cap: $8.94M
Volume 24h: $1
Volatility (ann.): 15%

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

$778.2700

24h: +1.24%
Market cap: $60.60M
Volume 24h: $820
Volatility (ann.): 71%

IWFON 12.9%Share of the two combined market caps87.1% IVVON

Performance

IWFONIVVON

7 days+3.06%-1.45%IWFON
30 days+2.39%+9.76%IVVON

Correlation

-0.09over 22 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	IWFON	IVVON
Max drawdown (400d)	-2.5%	-15.7%
Risk-adjusted return (90d)	0.16	-0.02

Relative strength over 90 days: IWFON outperformed IVVON by 1.7% — measured on the IWFON/IVVON ratio, so it holds regardless of market direction.

iShares Russell 1000 Growth ETF (Ondo Tokenized ETF) →iShares Core S&P 500 ETF (Ondo Tokenized ETF) →