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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 196.6× the size of Chipotle (Ondo Tokenized Stock) (CMGON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 28.7 percentage points (CMGON -0.5% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.05 across 112 shared trading days). CMGON has been the more volatile of the two, at 95% annualised against SPCXB's 71%.

Correlation: 0.05
Size ratio: 1 : 196.6
Ahead over 90 days: SPCXB

Chipotle (Ondo Tokenized Stock)CMGON

$33.1200

24h: +1.06%
Market cap: $1.02M
Volume 24h: $149,732
Volatility (ann.): 95%

SpaceX (bStocks Tokenized Stock)SPCXB

$135.3500

24h: -3.75%
Market cap: $200.97M
Volume 24h: $68.09M
Volatility (ann.): 71%

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

Performance

CMGONSPCXB

7 days+9.34%-5.60%CMGON
30 days-6.42%-11.42%CMGON
90 days-0.51%+28.18%SPCXB

Correlation

0.05over 112 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1090d: 0.041y: 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	CMGON	SPCXB
Max drawdown (400d)	-32.9%	-47.5%
Risk-adjusted return (90d)	0.00	0.45

Relative strength over 90 days: CMGON outperformed SPCXB by 6.0% — measured on the CMGON/SPCXB ratio, so it holds regardless of market direction.

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