Cerebras Systems (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 650.3× the size of Cerebras Systems (Ondo Tokenized) (CBRSON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 71.4 percentage points (CBRSON -53.7% against SPCXB +17.7%). Their daily returns move barely together (correlation 0.23 across 112 shared trading days). CBRSON has been the more volatile of the two, at 135% annualised against SPCXB's 71%.

Correlation: 0.23
Size ratio: 1 : 650.3
Ahead over 90 days: SPCXB

Cerebras Systems (Ondo Tokenized)CBRSON

$90.5600

24h: -5.93%
Market cap: $300,662
Volume 24h: $281,739
Volatility (ann.): 135%

SpaceX (bStocks Tokenized Stock)SPCXB

$131.9200

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

CBRSON 0.2%Share of the two combined market caps99.8% SPCXB

Performance

CBRSONSPCXB

7 days-21.81%-6.33%SPCXB
30 days-56.23%-21.79%SPCXB
90 days-53.67%+17.70%SPCXB

Correlation

0.23over 112 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0290d: 0.181y: 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	CBRSON	SPCXB
Max drawdown (400d)	-63.4%	-47.5%
Risk-adjusted return (90d)	-0.39	0.28

Relative strength over 90 days: SPCXB outperformed CBRSON by 47.6% — measured on the CBRSON/SPCXB ratio, so it holds regardless of market direction.

Cerebras Systems (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →