Bitdeer Technologies (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 2475.7× the size of Bitdeer Technologies (Ondo Tokenized) (BTDRON) by market capitalisation. Their daily returns move loosely together (correlation 0.36 across 26 shared trading days). BTDRON has been the more volatile of the two, at 95% annualised against SPCXB's 71%.

Correlation: 0.36
Size ratio: 1 : 2475.7

Bitdeer Technologies (Ondo Tokenized)BTDRON

$6.5400

24h: —
Market cap: $78,975
Volume 24h: $7
Volatility (ann.): 95%

SpaceX (bStocks Tokenized Stock)SPCXB

$131.9000

24h: -1.07%
Market cap: $195.52M
Volume 24h: $44.00M
Volatility (ann.): 71%

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

Performance

BTDRONSPCXB

7 days-15.00%-6.33%SPCXB
30 days+1.75%-21.79%BTDRON
90 days—+17.70%—

Correlation

0.36over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3690d: 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	BTDRON	SPCXB
Max drawdown (400d)	-20.4%	-47.5%
Risk-adjusted return (90d)	0.02	0.28

Relative strength over 90 days: SPCXB outperformed BTDRON by 2.9% — measured on the BTDRON/SPCXB ratio, so it holds regardless of market direction.

Bitdeer Technologies (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →