Bloom Energy (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 237.5× the size of Bloom Energy (Ondo Tokenized) (BEON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 17.9 percentage points (BEON +10.3% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.30 across 83 shared trading days). BEON has been the more volatile of the two, at 118% annualised against SPCXB's 71%.

Correlation: 0.30
Size ratio: 1 : 237.5
Ahead over 90 days: SPCXB

Bloom Energy (Ondo Tokenized)BEON

$209.0800

24h: +2.63%
Market cap: $823,820
Volume 24h: $568,880
Volatility (ann.): 118%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.5500

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

BEON 0.4%Share of the two combined market caps99.6% SPCXB

Performance

BEONSPCXB

7 days+1.15%-5.60%BEON
30 days+30.74%-11.42%BEON
90 days+10.31%+28.18%SPCXB

Correlation

0.30over 83 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3790d: 0.301y: 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	BEON	SPCXB
Max drawdown (400d)	-35.3%	-47.5%
Risk-adjusted return (90d)	0.09	0.45

Relative strength over 90 days: BEON outperformed SPCXB by 12.5% — measured on the BEON/SPCXB ratio, so it holds regardless of market direction.

Bloom Energy (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →