Roundhill Memory ETF (bStocks Tokenized Stock) vs iShares Core S&P 500 ETF (Ondo Tokenized ETF)

iShares Core S&P 500 ETF (Ondo Tokenized ETF) (IVVON) is 3.0× the size of Roundhill Memory ETF (bStocks Tokenized Stock) (DRAMB) by market capitalisation. Their daily returns move barely together (correlation 0.07 across 55 shared trading days). DRAMB has been the more volatile of the two, at 86% annualised against IVVON's 71%.

Correlation: 0.07
Size ratio: 1 : 3.0

Roundhill Memory ETF (bStocks Tokenized Stock)DRAMB

$48.2100

24h: -1.23%
Market cap: $20.28M
Volume 24h: $655,475
Volatility (ann.): 86%

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

$773.7300

24h: +1.19%
Market cap: $60.24M
Volume 24h: $1,666
Volatility (ann.): 71%

DRAMB 25.2%Share of the two combined market caps74.8% IVVON

Performance

DRAMBIVVON

7 days-5.55%-1.45%IVVON
30 days-21.93%+9.76%IVVON
90 days-7.44%——

Correlation

0.07over 55 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0890d: 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	DRAMB	IVVON
Max drawdown (400d)	-31.3%	-15.7%
Risk-adjusted return (90d)	-0.12	-0.02

Relative strength over 90 days: IVVON outperformed DRAMB by 12.8% — measured on the DRAMB/IVVON ratio, so it holds regardless of market direction.

Roundhill Memory ETF (bStocks Tokenized Stock) →iShares Core S&P 500 ETF (Ondo Tokenized ETF) →