Aurora Innovation (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 1612.9× the size of Aurora Innovation (Ondo Tokenized) (AURON) by market capitalisation. Their daily returns move loosely together (correlation 0.38 across 26 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against AURON's 59%.

Correlation: 0.38
Size ratio: 1 : 1612.9

Aurora Innovation (Ondo Tokenized)AURON

$4.1000

24h: -3.34%
Market cap: $113,901
Volume 24h: $1,413
Volatility (ann.): 59%

SpaceX (bStocks Tokenized Stock)SPCXB

$124.3500

24h: -11.19%
Market cap: $183.71M
Volume 24h: $35.96M
Volatility (ann.): 71%

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

Performance

AURONSPCXB

7 days-6.77%-6.33%SPCXB
30 days-10.32%-21.79%AURON
90 days—+17.70%—

Correlation

0.38over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3890d: 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	AURON	SPCXB
Max drawdown (400d)	-18.4%	-47.5%
Risk-adjusted return (90d)	-0.17	0.28

Relative strength over 90 days: SPCXB outperformed AURON by 15.4% — measured on the AURON/SPCXB ratio, so it holds regardless of market direction.

Aurora Innovation (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →