US Copper Index Fund (Ondo Tokenized) vs iShares Core S&P 500 ETF (Ondo Tokenized ETF)

iShares Core S&P 500 ETF (Ondo Tokenized ETF) (IVVON) is 544.8× the size of US Copper Index Fund (Ondo Tokenized) (CPERON) by market capitalisation. Over the past 30 days, IVVON is ahead by 6.5 percentage points (CPERON +3.0% against IVVON +9.4%). Their daily returns move barely together (correlation 0.02 across 20 shared trading days). CPERON has been the more volatile of the two, at 249% annualised against IVVON's 70%.

Correlation: 0.02
Size ratio: 1 : 544.8
Ahead over 30 days: IVVON

US Copper Index Fund (Ondo Tokenized)CPERON

$39.7400

24h: —
Market cap: $111,430
Volume 24h: $66
Volatility (ann.): 249%

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

$779.9100

24h: +0.71%
Market cap: $60.71M
Volume 24h: $201
Volatility (ann.): 70%

CPERON 0.2%Share of the two combined market caps99.8% IVVON

Performance

CPERONIVVON

7 days+10.70%+0.11%CPERON
30 days+2.96%+9.43%IVVON

Correlation

0.02over 20 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	CPERON	IVVON
Max drawdown (400d)	-44.9%	-15.7%
Risk-adjusted return (90d)	0.01	0.01

Relative strength over 90 days: IVVON outperformed CPERON by 1.1% — measured on the CPERON/IVVON ratio, so it holds regardless of market direction.

US Copper Index Fund (Ondo Tokenized) →iShares Core S&P 500 ETF (Ondo Tokenized ETF) →