General Electric (Ondo Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 131.2× the size of General Electric (Ondo Tokenized Stock) (GEON) by market capitalisation. Their daily returns move barely together (correlation 0.24 across 109 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against GEON's 34%.

Correlation: 0.24
Size ratio: 1 : 131.2

General Electric (Ondo Tokenized Stock)GEON

$320.7400

24h: +1.34%
Market cap: $1.53M
Volume 24h: $148,357
Volatility (ann.): 34%

SpaceX (bStocks Tokenized Stock)SPCXB

$135.0900

24h: -4.64%
Market cap: $201.18M
Volume 24h: $72.10M
Volatility (ann.): 71%

GEON 0.8%Share of the two combined market caps99.2% SPCXB

Performance

GEONSPCXB

7 days+2.46%-5.60%GEON
30 days-4.72%-11.42%GEON
90 days-12.20%+28.18%SPCXB
1 year+13.29%——

Correlation

0.24over 109 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3590d: 0.171y: 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	GEON	SPCXB
Max drawdown (400d)	-21.1%	-47.5%
Risk-adjusted return (90d)	-0.42	0.45

Relative strength over 90 days: GEON outperformed SPCXB by 3.5% — measured on the GEON/SPCXB ratio, so it holds regardless of market direction.

General Electric (Ondo Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →