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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 116812.5× the size of Halliburton (Ondo Tokenized) (HALON) by market capitalisation. Their daily returns move barely together (correlation 0.09 across 28 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against HALON's 27%.

Correlation: 0.09
Size ratio: 1 : 116812.5

Halliburton (Ondo Tokenized)HALON

$36.1700

24h: —
Market cap: $1,684
Volume 24h: —
Volatility (ann.): 27%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.8700

24h: -1.89%
Market cap: $196.70M
Volume 24h: $66.42M
Volatility (ann.): 71%

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

Performance

HALONSPCXB

7 days-0.55%-6.33%HALON
30 days-11.41%-21.79%HALON
90 days—+17.70%—

Correlation

0.09over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0990d: 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	HALON	SPCXB
Max drawdown (400d)	-16.1%	-47.5%
Risk-adjusted return (90d)	-0.42	0.28

Relative strength over 90 days: SPCXB outperformed HALON by 21.3% — measured on the HALON/SPCXB ratio, so it holds regardless of market direction.

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