Boeing (Ondo Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 182.4× the size of Boeing (Ondo Tokenized Stock) (BAON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 36.5 percentage points (BAON -8.3% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.24 across 109 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against BAON's 34%.

Correlation: 0.24
Size ratio: 1 : 182.4
Ahead over 90 days: SPCXB

Boeing (Ondo Tokenized Stock)BAON

$173.5100

24h: -1.09%
Market cap: $1.07M
Volume 24h: $508,815
Volatility (ann.): 34%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.5500

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

BAON 0.5%Share of the two combined market caps99.5% SPCXB

Performance

BAONSPCXB

7 days-1.96%-5.60%BAON
30 days-5.48%-11.42%BAON
90 days-8.34%+28.18%SPCXB

Correlation

0.24over 109 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2690d: 0.141y: 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	BAON	SPCXB
Max drawdown (400d)	-25.4%	-47.5%
Risk-adjusted return (90d)	-0.25	0.45

Relative strength over 90 days: BAON outperformed SPCXB by 8.0% — measured on the BAON/SPCXB ratio, so it holds regardless of market direction.

Boeing (Ondo Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →