FuelCell Energy (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 108038.5× the size of FuelCell Energy (Ondo Tokenized) (FCELON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 45.9 percentage points (FCELON -28.2% against SPCXB +17.7%). Their daily returns move barely together (correlation 0.31 across 83 shared trading days). FCELON has been the more volatile of the two, at 129% annualised against SPCXB's 71%.

Correlation: 0.31
Size ratio: 1 : 108038.5
Ahead over 90 days: SPCXB

FuelCell Energy (Ondo Tokenized)FCELON

$11.1100

24h: +4.62%
Market cap: $1,825
Volume 24h: $155,631
Volatility (ann.): 129%

SpaceX (bStocks Tokenized Stock)SPCXB

$134.3200

24h: -3.52%
Market cap: $197.19M
Volume 24h: $68.83M
Volatility (ann.): 71%

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

Performance

FCELONSPCXB

7 days-8.58%-6.33%SPCXB
30 days-8.53%-21.79%FCELON
90 days-28.19%+17.70%SPCXB

Correlation

0.31over 83 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4390d: 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	FCELON	SPCXB
Max drawdown (400d)	-38.7%	-47.5%
Risk-adjusted return (90d)	-0.22	0.28

Relative strength over 90 days: SPCXB outperformed FCELON by 26.8% — measured on the FCELON/SPCXB ratio, so it holds regardless of market direction.

FuelCell Energy (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →