SPDR Bloomberg 1-3 Month T-Bill ETF (Anchored Tokenized ETF) vs SP500 xStock

SP500 xStock (SPYX) is 82.9× the size of SPDR Bloomberg 1-3 Month T-Bill ETF (Anchored Tokenized ETF) (ABIL) by market capitalisation. Over the past 30 days, ABIL is ahead by 1.1 percentage points (ABIL -0.0% against SPYX -1.1%). Their daily returns move loosely together (correlation 0.35 across 23 shared trading days). SPYX has been the more volatile of the two, at 11% annualised against ABIL's 1%.

Correlation: 0.35
Size ratio: 1 : 82.9
Ahead over 30 days: ABIL

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%

SP500 xStockSPYX

$766.1600

24h: +1.27%
Market cap: $71.48M
Volume 24h: $8.70M
Volatility (ann.): 11%

ABIL 1.2%Share of the two combined market caps98.8% SPYX

Performance

ABILSPYX

7 days+0.05%-1.60%ABIL
30 days-0.03%-1.10%ABIL

Correlation

0.35over 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	SPYX
Max drawdown (400d)	-0.3%	-2.7%
Risk-adjusted return (90d)	-0.03	-0.14

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

SPDR Bloomberg 1-3 Month T-Bill ETF (Anchored Tokenized ETF) →SP500 xStock →