WisdomTree Floating Rate Treasury Fund (Dinari Tokenized ETF) vs SPDR S&P 500 ETF (Ondo Tokenized ETF)

SPDR S&P 500 ETF (Ondo Tokenized ETF) (SPYON) is 9.6× the size of WisdomTree Floating Rate Treasury Fund (Dinari Tokenized ETF) (USFR) by market capitalisation. Over the past 30 days, USFR is ahead by 1.2 percentage points (USFR +0.0% against SPYON -1.2%). Their daily returns move loosely in opposite directions (correlation -0.53 across 20 shared trading days). SPYON has been the more volatile of the two, at 10% annualised against USFR's 1%.

Correlation: -0.53
Size ratio: 1 : 9.6
Ahead over 30 days: USFR

WisdomTree Floating Rate Treasury Fund (Dinari Tokenized ETF)USFR

$50.4900

24h: +0.00%
Market cap: $4.90M
Volume 24h: $1
Volatility (ann.): 1%

SPDR S&P 500 ETF (Ondo Tokenized ETF)SPYON

$768.5900

24h: +1.24%
Market cap: $47.12M
Volume 24h: $1.55M
Volatility (ann.): 10%

USFR 9.4%Share of the two combined market caps90.6% SPYON

Performance

USFRSPYON

7 days-0.24%-1.77%USFR
30 days+0.02%-1.20%USFR

Correlation

-0.53over 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	USFR	SPYON
Max drawdown (400d)	-0.3%	-2.5%
Risk-adjusted return (90d)	0.01	-0.12

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

WisdomTree Floating Rate Treasury Fund (Dinari Tokenized ETF) →SPDR S&P 500 ETF (Ondo Tokenized ETF) →