First Majestic Silver (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 49476.8× the size of First Majestic Silver (Ondo Tokenized) (AGON) by market capitalisation. Their daily returns move barely together (correlation 0.19 across 68 shared trading days). Both have run at a similar volatility, around 70% annualised.

Correlation: 0.19
Size ratio: 1 : 49476.8

First Majestic Silver (Ondo Tokenized)AGON

$15.6400

24h: +9.73%
Market cap: $3,666
Volume 24h: $156,371
Volatility (ann.): 69%

SpaceX (bStocks Tokenized Stock)SPCXB

$122.2300

24h: -10.41%
Market cap: $181.37M
Volume 24h: $39.91M
Volatility (ann.): 71%

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

Performance

AGONSPCXB

7 days-7.00%-6.33%SPCXB
30 days-12.58%-21.79%AGON
90 days—+17.70%—

Correlation

0.19over 68 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1690d: insufficient data1y: 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	AGON	SPCXB
Max drawdown (400d)	-16.9%	-47.5%
Risk-adjusted return (90d)	0.14	0.28

Relative strength over 90 days: SPCXB outperformed AGON by 12.7% — measured on the AGON/SPCXB ratio, so it holds regardless of market direction.

First Majestic Silver (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →