iShares Russell 1000 Growth ETF (Ondo Tokenized ETF) vs Strategy Stretch Preferred (Ondo Tokenized)

Strategy Stretch Preferred (Ondo Tokenized) (STRCON) is 5.9× the size of iShares Russell 1000 Growth ETF (Ondo Tokenized ETF) (IWFON) by market capitalisation. Their daily returns move loosely together (correlation 0.37 across 27 shared trading days). STRCON has been the more volatile of the two, at 20% annualised against IWFON's 15%.

Correlation: 0.37
Size ratio: 1 : 5.9

iShares Russell 1000 Growth ETF (Ondo Tokenized ETF)IWFON

$471.2300

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

Strategy Stretch Preferred (Ondo Tokenized)STRCON

$106.4800

24h: -0.47%
Market cap: $53.14M
Volume 24h: $700,457
Volatility (ann.): 20%

IWFON 14.4%Share of the two combined market caps85.6% STRCON

Performance

IWFONSTRCON

7 days+3.06%+0.80%IWFON
30 days+2.39%+3.71%STRCON
90 days—+18.91%—

Correlation

0.37over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3790d: 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	STRCON
Max drawdown (400d)	-2.5%	-4.3%
Risk-adjusted return (90d)	0.16	1.13

Relative strength over 90 days: IWFON outperformed STRCON by 0.3% — measured on the IWFON/STRCON ratio, so it holds regardless of market direction.

iShares Russell 1000 Growth ETF (Ondo Tokenized ETF) →Strategy Stretch Preferred (Ondo Tokenized) →