Coca-Cola (Ondo Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 44.3× the size of Coca-Cola (Ondo Tokenized Stock) (KOON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.12 across 110 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against KOON's 19%.

Correlation: -0.12
Size ratio: 1 : 44.3

Coca-Cola (Ondo Tokenized Stock)KOON

$97.2000

24h: -0.06%
Market cap: $4.45M
Volume 24h: $3.10M
Volatility (ann.): 19%

SpaceX (bStocks Tokenized Stock)SPCXB

$134.7700

24h: -1.99%
Market cap: $197.38M
Volume 24h: $46.76M
Volatility (ann.): 71%

KOON 2.2%Share of the two combined market caps97.8% SPCXB

Performance

KOONSPCXB

7 days-0.45%-5.60%KOON
30 days-1.45%-11.42%KOON
90 days+9.07%+28.18%SPCXB
1 year+27.35%——

Correlation

-0.12over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0990d: -0.061y: 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	KOON	SPCXB
Max drawdown (400d)	-8.4%	-47.5%
Risk-adjusted return (90d)	0.42	0.45

Relative strength over 90 days: KOON outperformed SPCXB by 15.2% — measured on the KOON/SPCXB ratio, so it holds regardless of market direction.

Coca-Cola (Ondo Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →