iShares Semiconductor ETF (Ondo Tokenized) vs Strategy Stretch Preferred (Ondo Tokenized)

Strategy Stretch Preferred (Ondo Tokenized) (STRCON) is 70.9× the size of iShares Semiconductor ETF (Ondo Tokenized) (SOXXON) by market capitalisation. Over the past 90 days, STRCON is ahead by 32.8 percentage points (SOXXON -13.9% against STRCON +18.9%). Their daily returns move barely together (correlation 0.18 across 91 shared trading days). SOXXON has been the more volatile of the two, at 57% annualised against STRCON's 20%.

Correlation: 0.18
Size ratio: 1 : 70.9
Ahead over 90 days: STRCON

iShares Semiconductor ETF (Ondo Tokenized)SOXXON

$455.7100

24h: -0.98%
Market cap: $748,555
Volume 24h: $161,240
Volatility (ann.): 57%

Strategy Stretch Preferred (Ondo Tokenized)STRCON

$106.3900

24h: -0.40%
Market cap: $53.09M
Volume 24h: $388,611
Volatility (ann.): 20%

SOXXON 1.4%Share of the two combined market caps98.6% STRCON

Performance

SOXXONSTRCON

7 days-1.96%+0.80%STRCON
30 days+8.80%+3.71%SOXXON
90 days-13.90%+18.91%STRCON

Correlation

0.18over 91 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1390d: 0.181y: 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	SOXXON	STRCON
Max drawdown (400d)	-28.8%	-4.3%
Risk-adjusted return (90d)	-0.27	1.13

Relative strength over 90 days: STRCON outperformed SOXXON by 28.3% — measured on the SOXXON/STRCON ratio, so it holds regardless of market direction.

iShares Semiconductor ETF (Ondo Tokenized) →Strategy Stretch Preferred (Ondo Tokenized) →