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

iShares Core S&P 500 ETF (Ondo Tokenized ETF) (IVVON) is 52.7× the size of iShares Silver Trust • Robinhood Token (SLV) by market capitalisation. Over the past 30 days, IVVON is ahead by 35.9 percentage points (SLV -26.1% against IVVON +9.8%). Their daily returns move barely in opposite directions (correlation -0.05 across 30 shared trading days). IVVON has been the more volatile of the two, at 71% annualised against SLV's 56%.

Correlation: -0.05
Size ratio: 1 : 52.7
Ahead over 30 days: IVVON

iShares Silver Trust • Robinhood TokenSLV

$44.9300

24h: -1.05%
Market cap: $1.14M
Volume 24h: $204,316
Volatility (ann.): 56%

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

$774.4400

24h: +1.14%
Market cap: $60.24M
Volume 24h: $1,213
Volatility (ann.): 71%

SLV 1.9%Share of the two combined market caps98.1% IVVON

Performance

SLVIVVON

7 days-20.16%-1.45%IVVON
30 days-26.12%+9.76%IVVON

Correlation

-0.05over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0590d: 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	SLV	IVVON
Max drawdown (400d)	-27.3%	-15.7%
Risk-adjusted return (90d)	-0.47	-0.02

Relative strength over 90 days: IVVON outperformed SLV by 25.3% — measured on the SLV/IVVON ratio, so it holds regardless of market direction.

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