AT&T (Ondo Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 13016.9× the size of AT&T (Ondo Tokenized Stock) (TON) by market capitalisation. Their daily returns move barely together (correlation 0.00 across 27 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against TON's 40%.

Correlation: 0.00
Size ratio: 1 : 13016.9

AT&T (Ondo Tokenized Stock)TON

$22.7000

24h: +3.54%
Market cap: $14,286
Volume 24h: $236
Volatility (ann.): 40%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.9000

24h: -9.98%
Market cap: $185.96M
Volume 24h: $47.36M
Volatility (ann.): 71%

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

Performance

TONSPCXB

7 days-8.26%-6.33%SPCXB
30 days-12.78%-21.79%TON
90 days—+17.70%—

Correlation

0.00over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0090d: 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	TON	SPCXB
Max drawdown (400d)	-15.9%	-47.5%
Risk-adjusted return (90d)	-0.32	0.28

Relative strength over 90 days: SPCXB outperformed TON by 21.3% — measured on the TON/SPCXB ratio, so it holds regardless of market direction.

AT&T (Ondo Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →