BitGo Holdings (Ondo Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 380.2× the size of BitGo Holdings (Ondo Tokenized Stock) (BTGOON) by market capitalisation. Over the past 90 days, BTGOON is ahead by 29.5 percentage points (BTGOON +47.2% against SPCXB +17.7%). Their daily returns move barely together (correlation 0.17 across 110 shared trading days). BTGOON has been the more volatile of the two, at 96% annualised against SPCXB's 71%.

Correlation: 0.17
Size ratio: 1 : 380.2
Ahead over 90 days: BTGOON

BitGo Holdings (Ondo Tokenized Stock)BTGOON

$5.5000

24h: +2.54%
Market cap: $520,273
Volume 24h: $80,408
Volatility (ann.): 96%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.8300

24h: +1.07%
Market cap: $197.81M
Volume 24h: $61.00M
Volatility (ann.): 71%

BTGOON 0.3%Share of the two combined market caps99.7% SPCXB

Performance

BTGOONSPCXB

7 days-5.67%-6.33%BTGOON
30 days+16.76%-21.79%BTGOON
90 days+47.22%+17.70%BTGOON

Correlation

0.17over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1390d: 0.111y: 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	BTGOON	SPCXB
Max drawdown (400d)	-66.3%	-47.5%
Risk-adjusted return (90d)	0.58	0.28

Relative strength over 90 days: BTGOON outperformed SPCXB by 55.5% — measured on the BTGOON/SPCXB ratio, so it holds regardless of market direction.

BitGo Holdings (Ondo Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →