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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 14166.1× the size of Coupang (Ondo Tokenized Stock) (CPNGON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 13.0 percentage points (CPNGON -21.6% against SPCXB -8.6%). Their daily returns move barely in opposite directions (correlation -0.08 across 109 shared trading days). SPCXB has been the more volatile of the two, at 73% annualised against CPNGON's 48%.

Correlation: -0.08
Size ratio: 1 : 14166.1
Ahead over 90 days: SPCXB

Coupang (Ondo Tokenized Stock)CPNGON

$16.6300

24h: +13.03%
Market cap: $14,246
Volume 24h: $166,679
Volatility (ann.): 48%

SpaceX (bStocks Tokenized Stock)SPCXB

$127.3100

24h: -5.04%
Market cap: $201.81M
Volume 24h: $60.61M
Volatility (ann.): 73%

CPNGON 0.0%Share of the two combined market caps100.0% SPCXB

Performance

CPNGONSPCXB

7 days-6.35%-12.85%CPNGON
30 days-16.91%-27.86%CPNGON
90 days-21.57%-8.57%SPCXB

Correlation

-0.08over 109 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2490d: -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	CPNGON	SPCXB
Max drawdown (400d)	-36.5%	-47.5%
Risk-adjusted return (90d)	-0.58	-0.15

Relative strength over 90 days: SPCXB outperformed CPNGON by 7.6% — measured on the CPNGON/SPCXB ratio, so it holds regardless of market direction.

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