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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 336.9× the size of GameStop (Ondo Tokenized Stock) (GMEON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.11 across 109 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against GMEON's 45%.

Correlation: -0.11
Size ratio: 1 : 336.9

GameStop (Ondo Tokenized Stock)GMEON

$25.7500

24h: +5.64%
Market cap: $583,801
Volume 24h: $512,039
Volatility (ann.): 45%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.1200

24h: -1.47%
Market cap: $196.69M
Volume 24h: $57.44M
Volatility (ann.): 71%

GMEON 0.3%Share of the two combined market caps99.7% SPCXB

Performance

GMEONSPCXB

7 days-0.38%-6.33%GMEON
30 days+28.57%-21.79%GMEON
90 days+4.37%+17.70%SPCXB
1 year-13.94%——

Correlation

-0.11over 109 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1190d: -0.121y: 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	GMEON	SPCXB
Max drawdown (400d)	-36.4%	-47.5%
Risk-adjusted return (90d)	0.10	0.28

Relative strength over 90 days: GMEON outperformed SPCXB by 23.0% — measured on the GMEON/SPCXB ratio, so it holds regardless of market direction.

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