BitMine Immersion Technologies (Ondo Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 26.6× the size of BitMine Immersion Technologies (Ondo Tokenized Stock) (BMNRON) by market capitalisation. Over the past 90 days, BMNRON is ahead by 9.8 percentage points (BMNRON +38.0% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.15 across 116 shared trading days). Both have run at a similar volatility, around 75% annualised.

Correlation: 0.15
Size ratio: 1 : 26.6
Ahead over 90 days: BMNRON

BitMine Immersion Technologies (Ondo Tokenized Stock)BMNRON

$19.9100

24h: +0.69%
Market cap: $7.42M
Volume 24h: $862,272
Volatility (ann.): 80%

SpaceX (bStocks Tokenized Stock)SPCXB

$134.9200

24h: -1.99%
Market cap: $197.38M
Volume 24h: $46.76M
Volatility (ann.): 71%

BMNRON 3.6%Share of the two combined market caps96.4% SPCXB

Performance

BMNRONSPCXB

7 days-24.20%-5.60%SPCXB
30 days-19.16%-11.42%SPCXB
90 days+38.00%+28.18%BMNRON

Correlation

0.15over 116 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1790d: 0.191y: 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	BMNRON	SPCXB
Max drawdown (400d)	-43.8%	-47.5%
Risk-adjusted return (90d)	0.41	0.45

Relative strength over 90 days: BMNRON outperformed SPCXB by 48.0% — measured on the BMNRON/SPCXB ratio, so it holds regardless of market direction.

BitMine Immersion Technologies (Ondo Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →