Eli Lilly (Ondo Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 24.5× the size of Eli Lilly (Ondo Tokenized Stock) (LLYON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.00 across 110 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against LLYON's 34%.

Correlation: -0.00
Size ratio: 1 : 24.5

Eli Lilly (Ondo Tokenized Stock)LLYON

$1,431.51

24h: +1.04%
Market cap: $8.15M
Volume 24h: $1.39M
Volatility (ann.): 34%

SpaceX (bStocks Tokenized Stock)SPCXB

$136.5600

24h: -1.13%
Market cap: $199.56M
Volume 24h: $46.45M
Volatility (ann.): 71%

LLYON 3.9%Share of the two combined market caps96.1% SPCXB

Performance

LLYONSPCXB

7 days+1.23%-5.60%LLYON
30 days+0.99%-11.42%LLYON
90 days-0.41%+28.18%SPCXB
1 year+44.21%——

Correlation

-0.00over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0690d: -0.011y: 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	LLYON	SPCXB
Max drawdown (400d)	-23.0%	-47.5%
Risk-adjusted return (90d)	-0.01	0.45

Relative strength over 90 days: LLYON outperformed SPCXB by 5.2% — measured on the LLYON/SPCXB ratio, so it holds regardless of market direction.

Eli Lilly (Ondo Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →