Astera Labs (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 1550.3× the size of Astera Labs (Ondo Tokenized) (ALABON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 30.0 percentage points (ALABON -12.3% against SPCXB +17.7%). Their daily returns move barely together (correlation 0.23 across 83 shared trading days). ALABON has been the more volatile of the two, at 104% annualised against SPCXB's 71%.

Correlation: 0.23
Size ratio: 1 : 1550.3
Ahead over 90 days: SPCXB

Astera Labs (Ondo Tokenized)ALABON

$216.8800

24h: -2.48%
Market cap: $126,199
Volume 24h: $204,004
Volatility (ann.): 104%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.3800

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

ALABON 0.1%Share of the two combined market caps99.9% SPCXB

Performance

ALABONSPCXB

7 days+1.26%-6.33%ALABON
30 days+19.96%-21.79%ALABON
90 days-12.27%+17.70%SPCXB

Correlation

0.23over 83 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2190d: 0.231y: 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	ALABON	SPCXB
Max drawdown (400d)	-39.7%	-47.5%
Risk-adjusted return (90d)	-0.12	0.28

Relative strength over 90 days: SPCXB outperformed ALABON by 10.5% — measured on the ALABON/SPCXB ratio, so it holds regardless of market direction.

Astera Labs (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →