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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 75.5× the size of Cisco Systems (Ondo Tokenized Stock) (CSCOON) by market capitalisation. Their daily returns move barely together (correlation 0.03 across 110 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against CSCOON's 40%.

Correlation: 0.03
Size ratio: 1 : 75.5

Cisco Systems (Ondo Tokenized Stock)CSCOON

$102.1900

24h: -0.49%
Market cap: $2.56M
Volume 24h: $309,957
Volatility (ann.): 40%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.6000

24h: -4.38%
Market cap: $193.24M
Volume 24h: $53.14M
Volatility (ann.): 71%

CSCOON 1.3%Share of the two combined market caps98.7% SPCXB

Performance

CSCOONSPCXB

7 days-0.04%-5.60%CSCOON
30 days-3.13%-11.42%CSCOON
90 days-8.69%+28.18%SPCXB
1 year+56.90%——

Correlation

0.03over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0790d: 0.081y: 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	CSCOON	SPCXB
Max drawdown (400d)	-18.0%	-47.5%
Risk-adjusted return (90d)	-0.27	0.45

Relative strength over 90 days: SPCXB outperformed CSCOON by 3.5% — measured on the CSCOON/SPCXB ratio, so it holds regardless of market direction.

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