Baidu (Ondo Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 205.2× the size of Baidu (Ondo Tokenized Stock) (BIDUON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 61.8 percentage points (BIDUON -33.6% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.06 across 111 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against BIDUON's 49%.

Correlation: 0.06
Size ratio: 1 : 205.2
Ahead over 90 days: SPCXB

Baidu (Ondo Tokenized Stock)BIDUON

$76.8400

24h: -0.59%
Market cap: $953,267
Volume 24h: $824,837
Volatility (ann.): 49%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.5500

24h: -3.48%
Market cap: $195.62M
Volume 24h: $53.04M
Volatility (ann.): 71%

BIDUON 0.5%Share of the two combined market caps99.5% SPCXB

Performance

BIDUONSPCXB

7 days-16.65%-5.60%SPCXB
30 days-21.59%-11.42%SPCXB
90 days-33.57%+28.18%SPCXB

Correlation

0.06over 111 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2090d: 0.091y: 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	BIDUON	SPCXB
Max drawdown (400d)	-50.4%	-47.5%
Risk-adjusted return (90d)	-0.71	0.45

Relative strength over 90 days: SPCXB outperformed BIDUON by 22.0% — measured on the BIDUON/SPCXB ratio, so it holds regardless of market direction.

Baidu (Ondo Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →