Archer Aviation (Ondo Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 9742.5× the size of Archer Aviation (Ondo Tokenized Stock) (ACHRON) by market capitalisation. Over the past 90 days, ACHRON is ahead by 27.5 percentage points (ACHRON +18.9% against SPCXB -8.6%). Their daily returns move barely together (correlation 0.00 across 109 shared trading days). Both have run at a similar volatility, around 73% annualised.

Correlation: 0.00
Size ratio: 1 : 9742.5
Ahead over 90 days: ACHRON

Archer Aviation (Ondo Tokenized Stock)ACHRON

$3.8400

24h: -7.25%
Market cap: $20,482
Volume 24h: $142,428
Volatility (ann.): 73%

SpaceX (bStocks Tokenized Stock)SPCXB

$127.5600

24h: -5.07%
Market cap: $199.55M
Volume 24h: $61.54M
Volatility (ann.): 73%

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

Performance

ACHRONSPCXB

7 days+2.47%-12.85%ACHRON
30 days-2.10%-27.86%ACHRON
90 days+18.91%-8.57%ACHRON

Correlation

0.00over 109 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1290d: 0.021y: 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	ACHRON	SPCXB
Max drawdown (400d)	-34.8%	-47.5%
Risk-adjusted return (90d)	0.23	-0.15

Relative strength over 90 days: ACHRON outperformed SPCXB by 40.1% — measured on the ACHRON/SPCXB ratio, so it holds regardless of market direction.

Archer Aviation (Ondo Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →