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

SPDR S&P 500 ETF (Ondo Tokenized ETF) (SPYON) is 1026.8× the size of iShares Semiconductor ETF • Robinhood Token (SOXX) by market capitalisation. Over the past 30 days, SPYON is ahead by 9.6 percentage points (SOXX -8.8% against SPYON +0.8%). Their daily returns move loosely together (correlation 0.50 across 32 shared trading days). SOXX has been the more volatile of the two, at 59% annualised against SPYON's 10%.

Correlation: 0.50
Size ratio: 1 : 1026.8
Ahead over 30 days: SPYON

iShares Semiconductor ETF • Robinhood TokenSOXX

$468.3300

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

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

$774.4900

24h: +1.14%
Market cap: $47.51M
Volume 24h: $1.02M
Volatility (ann.): 10%

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

Performance

SOXXSPYON

7 days-6.41%-0.31%SPYON
30 days-8.76%+0.82%SPYON

Correlation

0.50over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5090d: 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	SPYON
Max drawdown (400d)	-20.6%	-2.5%
Risk-adjusted return (90d)	-0.05	0.02

Relative strength over 90 days: SPYON outperformed SOXX by 3.9% — measured on the SOXX/SPYON ratio, so it holds regardless of market direction.

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