Goldman Sachs (Ondo Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 167.6× the size of Goldman Sachs (Ondo Tokenized Stock) (GSON) by market capitalisation. Their daily returns move loosely together (correlation 0.41 across 31 shared trading days). GSON has been the more volatile of the two, at 86% annualised against SPCXB's 71%.

Correlation: 0.41
Size ratio: 1 : 167.6

Goldman Sachs (Ondo Tokenized Stock)GSON

$902.9600

24h: —
Market cap: $1.19M
Volume 24h: $7
Volatility (ann.): 86%

SpaceX (bStocks Tokenized Stock)SPCXB

$136.6300

24h: -1.07%
Market cap: $198.94M
Volume 24h: $46.58M
Volatility (ann.): 71%

GSON 0.6%Share of the two combined market caps99.4% SPCXB

Performance

GSONSPCXB

7 days-19.67%-5.60%SPCXB
30 days-26.61%-11.42%SPCXB
90 days—+28.18%—

Correlation

0.41over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4190d: 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	GSON	SPCXB
Max drawdown (400d)	-28.3%	-47.5%
Risk-adjusted return (90d)	-0.31	0.45

Relative strength over 90 days: SPCXB outperformed GSON by 22.7% — measured on the GSON/SPCXB ratio, so it holds regardless of market direction.

Goldman Sachs (Ondo Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →