South Korea Bull 3X 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 17.2× the size of South Korea Bull 3X ETF (bStocks Tokenized Stock) (KORUB) by market capitalisation. Their daily returns move barely together (correlation 0.08 across 55 shared trading days). KORUB has been the more volatile of the two, at 163% annualised against IVVON's 71%.

Correlation: 0.08
Size ratio: 1 : 17.2

South Korea Bull 3X ETF (bStocks Tokenized Stock)KORUB

$10.6500

24h: -1.35%
Market cap: $3.52M
Volume 24h: $4.16M
Volatility (ann.): 163%

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

$777.5200

24h: +1.22%
Market cap: $60.56M
Volume 24h: $1,326
Volatility (ann.): 71%

KORUB 5.5%Share of the two combined market caps94.5% IVVON

Performance

KORUBIVVON

7 days-6.00%-1.45%IVVON
30 days-50.63%+9.76%IVVON
90 days-37.03%——

Correlation

0.08over 55 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1090d: 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	KORUB	IVVON
Max drawdown (400d)	-58.4%	-15.7%
Risk-adjusted return (90d)	-0.27	-0.02

Relative strength over 90 days: IVVON outperformed KORUB by 41.9% — measured on the KORUB/IVVON ratio, so it holds regardless of market direction.

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