SPDR Bloomberg 1-3 Month T-Bill ETF (Anchored Tokenized ETF) vs iShares Core S&P 500 ETF (Ondo Tokenized ETF)

iShares Core S&P 500 ETF (Ondo Tokenized ETF) (IVVON) is 69.7× the size of SPDR Bloomberg 1-3 Month T-Bill ETF (Anchored Tokenized ETF) (ABIL) by market capitalisation. Over the past 30 days, IVVON is ahead by 9.8 percentage points (ABIL -0.0% against IVVON +9.8%). Their daily returns move barely together (correlation 0.09 across 23 shared trading days). IVVON has been the more volatile of the two, at 71% annualised against ABIL's 1%.

Correlation: 0.09
Size ratio: 1 : 69.7
Ahead over 30 days: IVVON

SPDR Bloomberg 1-3 Month T-Bill ETF (Anchored Tokenized ETF)ABIL

$91.5200

24h: +0.12%
Market cap: $862,498
Volume 24h: —
Volatility (ann.): 1%

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

$771.1900

24h: +0.89%
Market cap: $60.14M
Volume 24h: $1,208
Volatility (ann.): 71%

ABIL 1.4%Share of the two combined market caps98.6% IVVON

Performance

ABILIVVON

7 days+0.05%-1.45%ABIL
30 days-0.03%+9.76%IVVON

Correlation

0.09over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	ABIL	IVVON
Max drawdown (400d)	-0.3%	-15.7%
Risk-adjusted return (90d)	-0.03	-0.02

Relative strength over 90 days: ABIL outperformed IVVON by 0.2% — measured on the ABIL/IVVON ratio, so it holds regardless of market direction.

SPDR Bloomberg 1-3 Month T-Bill ETF (Anchored Tokenized ETF) →iShares Core S&P 500 ETF (Ondo Tokenized ETF) →