Tradr 2X Long SNDK 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 12.9× the size of Tradr 2X Long SNDK ETF (bStocks Tokenized Stock) (SNXXB) by market capitalisation. Their daily returns move barely together (correlation 0.08 across 55 shared trading days). SNXXB has been the more volatile of the two, at 242% annualised against IVVON's 71%.

Correlation: 0.08
Size ratio: 1 : 12.9

Tradr 2X Long SNDK ETF (bStocks Tokenized Stock)SNXXB

$6.5600

24h: -1.14%
Market cap: $4.66M
Volume 24h: $5.15M
Volatility (ann.): 242%

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

$773.7300

24h: +1.19%
Market cap: $60.24M
Volume 24h: $1,666
Volatility (ann.): 71%

SNXXB 7.2%Share of the two combined market caps92.8% IVVON

Performance

SNXXBIVVON

7 days-28.16%-1.45%IVVON
30 days-60.33%+9.76%IVVON
90 days-31.91%——

Correlation

0.08over 55 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1190d: 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	SNXXB	IVVON
Max drawdown (400d)	-69.6%	-15.7%
Risk-adjusted return (90d)	-0.18	-0.02

Relative strength over 90 days: IVVON outperformed SNXXB by 56.5% — measured on the SNXXB/IVVON ratio, so it holds regardless of market direction.

Tradr 2X Long SNDK ETF (bStocks Tokenized Stock) →iShares Core S&P 500 ETF (Ondo Tokenized ETF) →