Semicon Bull 3X ETF (bStocks Tokenized ETF) vs iShares Core S&P 500 ETF (Ondo Tokenized ETF)

iShares Core S&P 500 ETF (Ondo Tokenized ETF) (IVVON) is 1.1× the size of Semicon Bull 3X ETF (bStocks Tokenized ETF) (SOXLB) by market capitalisation. Their daily returns move barely together (correlation 0.05 across 55 shared trading days). SOXLB has been the more volatile of the two, at 150% annualised against IVVON's 71%.

Correlation: 0.05
Size ratio: 1 : 1.1

Semicon Bull 3X ETF (bStocks Tokenized ETF)SOXLB

$77.5400

24h: +7.02%
Market cap: $56.74M
Volume 24h: $36.01M
Volatility (ann.): 150%

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%

SOXLB 48.5%Share of the two combined market caps51.5% IVVON

Performance

SOXLBIVVON

7 days-25.10%-1.45%IVVON
30 days-54.77%+9.76%IVVON
90 days-42.54%——

Correlation

0.05over 55 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	SOXLB	IVVON
Max drawdown (400d)	-64.3%	-15.7%
Risk-adjusted return (90d)	-0.35	-0.02

Relative strength over 90 days: IVVON outperformed SOXLB by 38.4% — measured on the SOXLB/IVVON ratio, so it holds regardless of market direction.

Semicon Bull 3X ETF (bStocks Tokenized ETF) →iShares Core S&P 500 ETF (Ondo Tokenized ETF) →