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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 212.7× the size of Coherent (Ondo Tokenized) (COHRON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 41.2 percentage points (COHRON -13.0% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.28 across 111 shared trading days). COHRON has been the more volatile of the two, at 97% annualised against SPCXB's 71%.

Correlation: 0.28
Size ratio: 1 : 212.7
Ahead over 90 days: SPCXB

Coherent (Ondo Tokenized)COHRON

$202.4600

24h: -0.29%
Market cap: $915,940
Volume 24h: $814,204
Volatility (ann.): 97%

SpaceX (bStocks Tokenized Stock)SPCXB

$134.2200

24h: -3.55%
Market cap: $194.82M
Volume 24h: $55.07M
Volatility (ann.): 71%

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

Performance

COHRONSPCXB

7 days-3.53%-5.60%COHRON
30 days+4.17%-11.42%COHRON
90 days-13.05%+28.18%SPCXB

Correlation

0.28over 111 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1790d: 0.361y: 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	COHRON	SPCXB
Max drawdown (400d)	-48.0%	-47.5%
Risk-adjusted return (90d)	-0.13	0.45

Relative strength over 90 days: COHRON outperformed SPCXB by 1.5% — measured on the COHRON/SPCXB ratio, so it holds regardless of market direction.

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