Abbott (Ondo Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 132.5× the size of Abbott (Ondo Tokenized Stock) (ABTON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.21 across 111 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against ABTON's 41%.

Correlation: -0.21
Size ratio: 1 : 132.5

Abbott (Ondo Tokenized Stock)ABTON

$109.5900

24h: -0.15%
Market cap: $1.48M
Volume 24h: $200,989
Volatility (ann.): 41%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.5500

24h: -3.48%
Market cap: $195.62M
Volume 24h: $53.04M
Volatility (ann.): 71%

ABTON 0.7%Share of the two combined market caps99.3% SPCXB

Performance

ABTONSPCXB

7 days+26.87%-5.60%ABTON
30 days+18.89%-11.42%ABTON
90 days+38.75%+28.18%ABTON
1 year+0.19%——

Correlation

-0.21over 111 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.5890d: -0.281y: 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	ABTON	SPCXB
Max drawdown (400d)	-37.9%	-47.5%
Risk-adjusted return (90d)	0.56	0.45

Relative strength over 90 days: ABTON outperformed SPCXB by 63.9% — measured on the ABTON/SPCXB ratio, so it holds regardless of market direction.

Abbott (Ondo Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →