Aehr Test Systems (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 751.8× the size of Aehr Test Systems (Ondo Tokenized) (AEHRON) by market capitalisation. Their daily returns move barely together (correlation 0.24 across 54 shared trading days). AEHRON has been the more volatile of the two, at 105% annualised against SPCXB's 71%.

Correlation: 0.24
Size ratio: 1 : 751.8

Aehr Test Systems (Ondo Tokenized)AEHRON

$59.3600

24h: -5.67%
Market cap: $263,111
Volume 24h: $150,492
Volatility (ann.): 105%

SpaceX (bStocks Tokenized Stock)SPCXB

$134.0800

24h: +1.07%
Market cap: $197.81M
Volume 24h: $61.00M
Volatility (ann.): 71%

AEHRON 0.1%Share of the two combined market caps99.9% SPCXB

Performance

AEHRONSPCXB

7 days+1.60%-6.33%AEHRON
30 days+21.76%-21.79%AEHRON
90 days—+17.70%—

Correlation

0.24over 54 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0490d: 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	AEHRON	SPCXB
Max drawdown (400d)	-47.2%	-47.5%
Risk-adjusted return (90d)	-0.02	0.28

Relative strength over 90 days: SPCXB outperformed AEHRON by 23.6% — measured on the AEHRON/SPCXB ratio, so it holds regardless of market direction.

Aehr Test Systems (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →