Exxon Mobil (Ondo Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 1306.4× the size of Exxon Mobil (Ondo Tokenized Stock) (XOMON) by market capitalisation. Over the past 90 days, XOMON is ahead by 2.1 percentage points (XOMON +19.8% against SPCXB +17.7%). Their daily returns move barely in opposite directions (correlation -0.31 across 109 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against XOMON's 29%.

Correlation: -0.31
Size ratio: 1 : 1306.4
Ahead over 90 days: XOMON

Exxon Mobil (Ondo Tokenized Stock)XOMON

$172.6000

24h: -4.30%
Market cap: $149,760
Volume 24h: $1.26M
Volatility (ann.): 29%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.3000

24h: +1.08%
Market cap: $195.65M
Volume 24h: $48.58M
Volatility (ann.): 71%

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

Performance

XOMONSPCXB

7 days+2.37%-6.33%XOMON
30 days+3.84%-21.79%XOMON
90 days+19.82%+17.70%XOMON

Correlation

-0.31over 109 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.5390d: -0.311y: 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	XOMON	SPCXB
Max drawdown (400d)	-20.7%	-47.5%
Risk-adjusted return (90d)	0.73	0.28

Relative strength over 90 days: XOMON outperformed SPCXB by 41.2% — measured on the XOMON/SPCXB ratio, so it holds regardless of market direction.

Exxon Mobil (Ondo Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →