iShares Russell 1000 Growth ETF (Ondo Tokenized ETF) vs SP500 xStock

SP500 xStock (SPYX) is 8.1× the size of iShares Russell 1000 Growth ETF (Ondo Tokenized ETF) (IWFON) by market capitalisation. Over the past 30 days, IWFON is ahead by 3.5 percentage points (IWFON +2.4% against SPYX -1.1%). Their daily returns move closely together (correlation 0.77 across 22 shared trading days). IWFON has been the more volatile of the two, at 15% annualised against SPYX's 11%.

Correlation: 0.77
Size ratio: 1 : 8.1
Ahead over 30 days: IWFON

iShares Russell 1000 Growth ETF (Ondo Tokenized ETF)IWFON

$471.2300

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

SP500 xStockSPYX

$773.4200

24h: +1.88%
Market cap: $72.30M
Volume 24h: $9.66M
Volatility (ann.): 11%

IWFON 11.0%Share of the two combined market caps89.0% SPYX

Performance

IWFONSPYX

7 days+3.06%-1.60%IWFON
30 days+2.39%-1.10%IWFON

Correlation

0.77over 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	SPYX
Max drawdown (400d)	-2.5%	-2.7%
Risk-adjusted return (90d)	0.16	-0.14

Relative strength over 90 days: IWFON outperformed SPYX by 2.3% — measured on the IWFON/SPYX ratio, so it holds regardless of market direction.

iShares Russell 1000 Growth ETF (Ondo Tokenized ETF) →SP500 xStock →