Analog Devices (Ondo Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 51724.6× the size of Analog Devices (Ondo Tokenized Stock) (ADION) by market capitalisation. Over the past 90 days, SPCXB is ahead by 19.3 percentage points (ADION -1.6% against SPCXB +17.7%). Their daily returns move barely together (correlation 0.18 across 109 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against ADION's 40%.

Correlation: 0.18
Size ratio: 1 : 51724.6
Ahead over 90 days: SPCXB

Analog Devices (Ondo Tokenized Stock)ADION

$409.2500

24h: -3.25%
Market cap: $3,506
Volume 24h: $152,344
Volatility (ann.): 40%

SpaceX (bStocks Tokenized Stock)SPCXB

$122.2300

24h: -10.41%
Market cap: $181.37M
Volume 24h: $39.91M
Volatility (ann.): 71%

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

Performance

ADIONSPCXB

7 days+1.86%-6.33%ADION
30 days+8.29%-21.79%ADION
90 days-1.61%+17.70%SPCXB

Correlation

0.18over 109 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1990d: 0.271y: 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	ADION	SPCXB
Max drawdown (400d)	-21.2%	-47.5%
Risk-adjusted return (90d)	-0.05	0.28

Relative strength over 90 days: ADION outperformed SPCXB by 16.0% — measured on the ADION/SPCXB ratio, so it holds regardless of market direction.

Analog Devices (Ondo Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →