Arista Networks (Ondo Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 397.2× the size of Arista Networks (Ondo Tokenized Stock) (ANETON) by market capitalisation. Over the past 90 days, ANETON is ahead by 1.7 percentage points (ANETON +19.4% against SPCXB +17.7%). Their daily returns move barely together (correlation 0.22 across 109 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against ANETON's 59%.

Correlation: 0.22
Size ratio: 1 : 397.2
Ahead over 90 days: ANETON

Arista Networks (Ondo Tokenized Stock)ANETON

$176.7600

24h: -2.43%
Market cap: $493,091
Volume 24h: $479,813
Volatility (ann.): 59%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.4800

24h: -8.86%
Market cap: $195.83M
Volume 24h: $54.37M
Volatility (ann.): 71%

ANETON 0.3%Share of the two combined market caps99.7% SPCXB

Performance

ANETONSPCXB

7 days-0.90%-6.33%ANETON
30 days+4.35%-21.79%ANETON
90 days+19.44%+17.70%ANETON

Correlation

0.22over 109 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4690d: 0.241y: 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	ANETON	SPCXB
Max drawdown (400d)	-23.2%	-47.5%
Risk-adjusted return (90d)	0.32	0.28

Relative strength over 90 days: ANETON outperformed SPCXB by 40.8% — measured on the ANETON/SPCXB ratio, so it holds regardless of market direction.

Arista Networks (Ondo Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →