iShares Semiconductor ETF • Robinhood Token vs iShares Core S&P 500 ETF (Ondo Tokenized ETF)

iShares Core S&P 500 ETF (Ondo Tokenized ETF) (IVVON) is 1311.1× the size of iShares Semiconductor ETF • Robinhood Token (SOXX) by market capitalisation. Over the past 30 days, IVVON is ahead by 18.2 percentage points (SOXX -8.8% against IVVON +9.4%). Their daily returns move barely together (correlation 0.03 across 30 shared trading days). IVVON has been the more volatile of the two, at 70% annualised against SOXX's 59%.

Correlation: 0.03
Size ratio: 1 : 1311.1
Ahead over 30 days: IVVON

iShares Semiconductor ETF • Robinhood TokenSOXX

$468.3300

24h: +2.96%
Market cap: $46,265
Volume 24h: $157,277
Volatility (ann.): 59%

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

$779.0500

24h: +1.02%
Market cap: $60.66M
Volume 24h: $200
Volatility (ann.): 70%

SOXX 0.1%Share of the two combined market caps99.9% IVVON

Performance

SOXXIVVON

7 days-6.41%+0.11%IVVON
30 days-8.76%+9.43%IVVON

Correlation

0.03over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0390d: 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	SOXX	IVVON
Max drawdown (400d)	-20.6%	-15.7%
Risk-adjusted return (90d)	-0.05	0.01

Relative strength over 90 days: IVVON outperformed SOXX by 4.2% — measured on the SOXX/IVVON ratio, so it holds regardless of market direction.

iShares Semiconductor ETF • Robinhood Token →iShares Core S&P 500 ETF (Ondo Tokenized ETF) →