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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 119.6× the size of Equinix (Ondo Tokenized Stock) (EQIXON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 31.5 percentage points (EQIXON -3.3% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.21 across 109 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against EQIXON's 30%.

Correlation: 0.21
Size ratio: 1 : 119.6
Ahead over 90 days: SPCXB

Equinix (Ondo Tokenized Stock)EQIXON

$1,022

24h: +1.30%
Market cap: $1.64M
Volume 24h: $154,050
Volatility (ann.): 30%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.9200

24h: -3.48%
Market cap: $195.62M
Volume 24h: $53.04M
Volatility (ann.): 71%

EQIXON 0.8%Share of the two combined market caps99.2% SPCXB

Performance

EQIXONSPCXB

7 days-4.42%-5.60%EQIXON
30 days-5.37%-11.42%EQIXON
90 days-3.31%+28.18%SPCXB

Correlation

0.21over 109 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2890d: 0.171y: 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	EQIXON	SPCXB
Max drawdown (400d)	-12.0%	-47.5%
Risk-adjusted return (90d)	-0.11	0.45

Relative strength over 90 days: EQIXON outperformed SPCXB by 13.9% — measured on the EQIXON/SPCXB ratio, so it holds regardless of market direction.

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