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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 23730.7× the size of Amgen (Ondo Tokenized Stock) (AMGNON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 2.3 percentage points (AMGNON +15.4% against SPCXB +17.7%). Their daily returns move barely in opposite directions (correlation -0.02 across 109 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against AMGNON's 28%.

Correlation: -0.02
Size ratio: 1 : 23730.7
Ahead over 90 days: SPCXB

Amgen (Ondo Tokenized Stock)AMGNON

$486.3100

24h: +6.15%
Market cap: $8,245
Volume 24h: $157,421
Volatility (ann.): 28%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.4600

24h: +1.08%
Market cap: $195.65M
Volume 24h: $48.58M
Volatility (ann.): 71%

AMGNON 0.0%Share of the two combined market caps100.0% SPCXB

Performance

AMGNONSPCXB

7 days+5.78%-6.33%AMGNON
30 days-3.86%-21.79%AMGNON
90 days+15.42%+17.70%SPCXB

Correlation

-0.02over 109 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1190d: 0.031y: 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	AMGNON	SPCXB
Max drawdown (400d)	-15.3%	-47.5%
Risk-adjusted return (90d)	0.48	0.28

Relative strength over 90 days: AMGNON outperformed SPCXB by 36.0% — measured on the AMGNON/SPCXB ratio, so it holds regardless of market direction.

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