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

Semicon Bull 3X ETF (bStocks Tokenized ETF) (SOXLB) is 1.2× the size of SPDR S&P 500 ETF (Ondo Tokenized ETF) (SPYON) by market capitalisation. Their daily returns move closely together (correlation 0.60 across 53 shared trading days). SOXLB has been the more volatile of the two, at 150% annualised against SPYON's 10%.

Correlation: 0.60
Size ratio: 1.2×

Semicon Bull 3X ETF (bStocks Tokenized ETF)SOXLB

$77.5400

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

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

$767.6300

24h: +1.13%
Market cap: $47.08M
Volume 24h: $1.56M
Volatility (ann.): 10%

SOXLB 54.6%Share of the two combined market caps45.4% SPYON

Performance

SOXLBSPYON

7 days-25.10%-1.77%SPYON
30 days-54.77%-1.20%SPYON
90 days-42.54%——

Correlation

0.60over 53 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7490d: 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	SPYON
Max drawdown (400d)	-64.3%	-2.5%
Risk-adjusted return (90d)	-0.35	-0.12

Relative strength over 90 days: SPYON outperformed SOXLB by 36.3% — measured on the SOXLB/SPYON ratio, so it holds regardless of market direction.

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