Bank of America (Ondo Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 8005.3× the size of Bank of America (Ondo Tokenized Stock) (BACON) by market capitalisation. Over the past 90 days, BACON is ahead by 8.1 percentage points (BACON -0.4% against SPCXB -8.6%). Their daily returns move barely together (correlation 0.04 across 109 shared trading days). SPCXB has been the more volatile of the two, at 73% annualised against BACON's 22%.

Correlation: 0.04
Size ratio: 1 : 8005.3
Ahead over 90 days: BACON

Bank of America (Ondo Tokenized Stock)BACON

$50.4900

24h: -3.58%
Market cap: $24,848
Volume 24h: $146,863
Volatility (ann.): 22%

SpaceX (bStocks Tokenized Stock)SPCXB

$126.9600

24h: -5.29%
Market cap: $198.92M
Volume 24h: $64.03M
Volatility (ann.): 73%

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

Performance

BACONSPCXB

7 days-1.59%-12.85%BACON
30 days-8.03%-27.86%BACON
90 days-0.43%-8.57%BACON

Correlation

0.04over 109 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2090d: 0.051y: 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	BACON	SPCXB
Max drawdown (400d)	-16.8%	-47.5%
Risk-adjusted return (90d)	-0.02	-0.15

Relative strength over 90 days: BACON outperformed SPCXB by 17.3% — measured on the BACON/SPCXB ratio, so it holds regardless of market direction.

Bank of America (Ondo Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →