Alphabet Class C (Ondo Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 1151.8× the size of Alphabet Class C (Ondo Tokenized Stock) (GOOGON) by market capitalisation. Their daily returns move loosely together (correlation 0.52 across 24 shared trading days). SPCXB has been the more volatile of the two, at 73% annualised against GOOGON's 27%.

Correlation: 0.52
Size ratio: 1 : 1151.8

Alphabet Class C (Ondo Tokenized Stock)GOOGON

$328.4900

24h: —
Market cap: $123,052
Volume 24h: $1,069
Volatility (ann.): 27%

SpaceX (bStocks Tokenized Stock)SPCXB

$146.6100

24h: -7.51%
Market cap: $141.73M
Volume 24h: $72.21M
Volatility (ann.): 73%

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

Performance

GOOGONSPCXB

7 days-5.62%+4.19%SPCXB
30 days-4.80%+2.62%SPCXB
90 days—+34.86%—

Correlation

0.52over 24 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	GOOGON	SPCXB
Max drawdown (400d)	-5.6%	-47.5%
Risk-adjusted return (90d)	-0.18	0.55

Relative strength over 90 days: SPCXB outperformed GOOGON by 6.1% — measured on the GOOGON/SPCXB ratio, so it holds regardless of market direction.

Alphabet Class C (Ondo Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →