Arm Holdings plc (Ondo Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 83.7× the size of Arm Holdings plc (Ondo Tokenized Stock) (ARMON) by market capitalisation. Their daily returns move loosely together (correlation 0.50 across 36 shared trading days). ARMON has been the more volatile of the two, at 125% annualised against SPCXB's 71%.

Correlation: 0.50
Size ratio: 1 : 83.7

Arm Holdings plc (Ondo Tokenized Stock)ARMON

$199.2500

24h: -0.47%
Market cap: $2.40M
Volume 24h: $849,289
Volatility (ann.): 125%

SpaceX (bStocks Tokenized Stock)SPCXB

$138.7100

24h: -2.42%
Market cap: $201.09M
Volume 24h: $62.91M
Volatility (ann.): 71%

ARMON 1.2%Share of the two combined market caps98.8% SPCXB

Performance

ARMONSPCXB

7 days-35.35%-5.60%SPCXB
30 days-19.14%-11.42%SPCXB
90 days—+28.18%—

Correlation

0.50over 36 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5390d: insufficient data1y: 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	ARMON	SPCXB
Max drawdown (400d)	-39.0%	-47.5%
Risk-adjusted return (90d)	-0.12	0.45

Relative strength over 90 days: SPCXB outperformed ARMON by 15.9% — measured on the ARMON/SPCXB ratio, so it holds regardless of market direction.

Arm Holdings plc (Ondo Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →