iShares Russell 2000 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 18.4× the size of iShares Russell 2000 ETF (Ondo Tokenized ETF) (IWMON) by market capitalisation. Over the past 30 days, IVVON is ahead by 14.8 percentage points (IWMON -5.1% against IVVON +9.8%). Their daily returns move very closely together (correlation 0.96 across 24 shared trading days). Both have run at a similar volatility, around 69% annualised.

Correlation: 0.96
Size ratio: 1 : 18.4
Ahead over 30 days: IVVON

iShares Russell 2000 ETF (Ondo Tokenized ETF)IWMON

$280.9900

24h: -0.59%
Market cap: $3.30M
Volume 24h: $28
Volatility (ann.): 68%

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

$777.2400

24h: +1.29%
Market cap: $60.52M
Volume 24h: $1,291
Volatility (ann.): 71%

IWMON 5.2%Share of the two combined market caps94.8% IVVON

Performance

IWMONIVVON

7 days-2.16%-1.45%IVVON
30 days-5.06%+9.76%IVVON

Correlation

0.96over 24 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	IWMON	IVVON
Max drawdown (400d)	-14.5%	-15.7%
Risk-adjusted return (90d)	-0.07	-0.02

Relative strength over 90 days: IVVON outperformed IWMON by 4.8% — measured on the IWMON/IVVON ratio, so it holds regardless of market direction.

iShares Russell 2000 ETF (Ondo Tokenized ETF) →iShares Core S&P 500 ETF (Ondo Tokenized ETF) →