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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 200.7× the size of Corning (Ondo Tokenized) (GLWON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 67.8 percentage points (GLWON -39.6% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.33 across 103 shared trading days). GLWON has been the more volatile of the two, at 87% annualised against SPCXB's 71%.

Correlation: 0.33
Size ratio: 1 : 200.7
Ahead over 90 days: SPCXB

Corning (Ondo Tokenized)GLWON

$123.3400

24h: -0.80%
Market cap: $980,310
Volume 24h: $160,154
Volatility (ann.): 87%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.4400

24h: -2.02%
Market cap: $196.73M
Volume 24h: $46.43M
Volatility (ann.): 71%

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

Performance

GLWONSPCXB

7 days-4.73%-5.60%GLWON
30 days+3.20%-11.42%GLWON
90 days-39.58%+28.18%SPCXB

Correlation

0.33over 103 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2990d: 0.401y: 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	GLWON	SPCXB
Max drawdown (400d)	-51.8%	-47.5%
Risk-adjusted return (90d)	-0.48	0.45

Relative strength over 90 days: SPCXB outperformed GLWON by 28.8% — measured on the GLWON/SPCXB ratio, so it holds regardless of market direction.

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