Freeport-McMoRan (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 10429.3× the size of Freeport-McMoRan (Ondo Tokenized) (FCXON) by market capitalisation. Over the past 90 days, FCXON is ahead by 21.2 percentage points (FCXON +12.6% against SPCXB -8.6%). Their daily returns move barely together (correlation 0.24 across 109 shared trading days). SPCXB has been the more volatile of the two, at 73% annualised against FCXON's 51%.

Correlation: 0.24
Size ratio: 1 : 10429.3
Ahead over 90 days: FCXON

Freeport-McMoRan (Ondo Tokenized)FCXON

$58.3200

24h: -7.69%
Market cap: $19,133
Volume 24h: $149,624
Volatility (ann.): 51%

SpaceX (bStocks Tokenized Stock)SPCXB

$127.6800

24h: -5.07%
Market cap: $199.55M
Volume 24h: $61.54M
Volatility (ann.): 73%

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

Performance

FCXONSPCXB

7 days-2.83%-12.85%FCXON
30 days-6.88%-27.86%FCXON
90 days+12.62%-8.57%FCXON

Correlation

0.24over 109 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2990d: 0.231y: 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	FCXON	SPCXB
Max drawdown (400d)	-20.7%	-47.5%
Risk-adjusted return (90d)	0.27	-0.15

Relative strength over 90 days: FCXON outperformed SPCXB by 32.7% — measured on the FCXON/SPCXB ratio, so it holds regardless of market direction.

Freeport-McMoRan (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →