American Express (Ondo Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 211.6× the size of American Express (Ondo Tokenized Stock) (AXPON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 36.9 percentage points (AXPON -8.7% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.11 across 109 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against AXPON's 25%.

Correlation: 0.11
Size ratio: 1 : 211.6
Ahead over 90 days: SPCXB

American Express (Ondo Tokenized Stock)AXPON

$328.4400

24h: -0.86%
Market cap: $924,403
Volume 24h: $140,655
Volatility (ann.): 25%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.8600

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

AXPON 0.5%Share of the two combined market caps99.5% SPCXB

Performance

AXPONSPCXB

7 days-1.61%-5.60%AXPON
30 days-7.20%-11.42%AXPON
90 days-8.70%+28.18%SPCXB

Correlation

0.11over 109 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1490d: 0.001y: 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	AXPON	SPCXB
Max drawdown (400d)	-15.9%	-47.5%
Risk-adjusted return (90d)	-0.33	0.45

Relative strength over 90 days: AXPON outperformed SPCXB by 7.6% — measured on the AXPON/SPCXB ratio, so it holds regardless of market direction.

American Express (Ondo Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →