Cipher Mining (Ondo Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 1217.4× the size of Cipher Mining (Ondo Tokenized Stock) (CIFRON) by market capitalisation. Their daily returns move loosely together (correlation 0.36 across 28 shared trading days). CIFRON has been the more volatile of the two, at 84% annualised against SPCXB's 71%.

Correlation: 0.36
Size ratio: 1 : 1217.4

Cipher Mining (Ondo Tokenized Stock)CIFRON

$6.5200

24h: -17.61%
Market cap: $162,439
Volume 24h: $4,581
Volatility (ann.): 84%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.7500

24h: -1.49%
Market cap: $197.75M
Volume 24h: $55.24M
Volatility (ann.): 71%

CIFRON 0.1%Share of the two combined market caps99.9% SPCXB

Performance

CIFRONSPCXB

7 days-5.56%-6.33%CIFRON
30 days-8.72%-21.79%CIFRON
90 days—+17.70%—

Correlation

0.36over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3690d: insufficient data1y: 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	CIFRON	SPCXB
Max drawdown (400d)	-18.5%	-47.5%
Risk-adjusted return (90d)	-0.10	0.28

Relative strength over 90 days: CIFRON outperformed SPCXB by 1.7% — measured on the CIFRON/SPCXB ratio, so it holds regardless of market direction.

Cipher Mining (Ondo Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →