iShares Russell 1000 Growth ETF (Ondo Tokenized ETF) vs SPDR S&P 500 ETF (Ondo Tokenized ETF)

SPDR S&P 500 ETF (Ondo Tokenized ETF) (SPYON) is 5.3× the size of iShares Russell 1000 Growth ETF (Ondo Tokenized ETF) (IWFON) by market capitalisation. Over the past 30 days, IWFON is ahead by 3.6 percentage points (IWFON +2.4% against SPYON -1.2%). Their daily returns move closely together (correlation 0.81 across 23 shared trading days). IWFON has been the more volatile of the two, at 15% annualised against SPYON's 10%.

Correlation: 0.81
Size ratio: 1 : 5.3
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%

SPDR S&P 500 ETF (Ondo Tokenized ETF)SPYON

$773.3600

24h: +1.36%
Market cap: $47.45M
Volume 24h: $1.68M
Volatility (ann.): 10%

IWFON 15.9%Share of the two combined market caps84.1% SPYON

Performance

IWFONSPYON

7 days+3.06%-1.77%IWFON
30 days+2.39%-1.20%IWFON

Correlation

0.81over 23 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	SPYON
Max drawdown (400d)	-2.5%	-2.5%
Risk-adjusted return (90d)	0.16	-0.12

Relative strength over 90 days: IWFON outperformed SPYON by 2.1% — measured on the IWFON/SPYON ratio, so it holds regardless of market direction.

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