State Street SPDR Portfolio S&P 500 ETF ST0x vs iShares Core S&P 500 ETF (Ondo Tokenized ETF)

iShares Core S&P 500 ETF (Ondo Tokenized ETF) (IVVON) is 227.0× the size of State Street SPDR Portfolio S&P 500 ETF ST0x (WTSPYM) by market capitalisation. Over the past 30 days, IVVON is ahead by 8.9 percentage points (WTSPYM +0.5% against IVVON +9.4%). Their daily returns move barely in opposite directions (correlation -0.02 across 32 shared trading days). WTSPYM has been the more volatile of the two, at 1511% annualised against IVVON's 70%.

Correlation: -0.02
Size ratio: 1 : 227.0
Ahead over 30 days: IVVON

State Street SPDR Portfolio S&P 500 ETF ST0xWTSPYM

$90.2800

24h: +1.54%
Market cap: $266,498
Volume 24h: $28,216
Volatility (ann.): 1511%

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

$776.9000

24h: +2.30%
Market cap: $60.49M
Volume 24h: $791
Volatility (ann.): 70%

WTSPYM 0.4%Share of the two combined market caps99.6% IVVON

Performance

WTSPYMIVVON

7 days-0.79%+0.11%IVVON
30 days+0.52%+9.43%IVVON

Correlation

-0.02over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0290d: 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	WTSPYM	IVVON
Max drawdown (400d)	-85.5%	-15.7%
Risk-adjusted return (90d)	0.00	0.01

Relative strength over 90 days: IVVON outperformed WTSPYM by 0.1% — measured on the WTSPYM/IVVON ratio, so it holds regardless of market direction.

State Street SPDR Portfolio S&P 500 ETF ST0x →iShares Core S&P 500 ETF (Ondo Tokenized ETF) →