Core Scientific (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 1543.3× the size of Core Scientific (Ondo Tokenized) (CORZON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 46.6 percentage points (CORZON -28.9% against SPCXB +17.7%). Their daily returns move barely together (correlation 0.30 across 81 shared trading days). CORZON has been the more volatile of the two, at 86% annualised against SPCXB's 71%.

Correlation: 0.30
Size ratio: 1 : 1543.3
Ahead over 90 days: SPCXB

Core Scientific (Ondo Tokenized)CORZON

$12.7300

24h: -6.90%
Market cap: $118,441
Volume 24h: $174,360
Volatility (ann.): 86%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.4200

24h: -10.39%
Market cap: $182.78M
Volume 24h: $46.58M
Volatility (ann.): 71%

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

Performance

CORZONSPCXB

7 days-8.28%-6.33%SPCXB
30 days+1.27%-21.79%CORZON
90 days-28.87%+17.70%SPCXB

Correlation

0.30over 81 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6190d: 0.301y: 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	CORZON	SPCXB
Max drawdown (400d)	-32.1%	-47.5%
Risk-adjusted return (90d)	-0.33	0.28

Relative strength over 90 days: SPCXB outperformed CORZON by 28.9% — measured on the CORZON/SPCXB ratio, so it holds regardless of market direction.

Core Scientific (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →