Hewlett Packard Enterprise (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 63613.2× the size of Hewlett Packard Enterprise (Ondo Tokenized) (HPEON) by market capitalisation. Their daily returns move barely together (correlation 0.09 across 25 shared trading days). HPEON has been the more volatile of the two, at 86% annualised against SPCXB's 71%.

Correlation: 0.09
Size ratio: 1 : 63613.2

Hewlett Packard Enterprise (Ondo Tokenized)HPEON

$54.4200

24h: +5.14%
Market cap: $3,070
Volume 24h: $867
Volatility (ann.): 86%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.4400

24h: -2.81%
Market cap: $195.30M
Volume 24h: $66.65M
Volatility (ann.): 71%

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

Performance

HPEONSPCXB

7 days+10.92%-6.33%HPEON
30 days+27.86%-21.79%HPEON
90 days—+17.70%—

Correlation

0.09over 25 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	HPEON	SPCXB
Max drawdown (400d)	-10.6%	-47.5%
Risk-adjusted return (90d)	0.32	0.28

Relative strength over 90 days: HPEON outperformed SPCXB by 18.8% — measured on the HPEON/SPCXB ratio, so it holds regardless of market direction.

Hewlett Packard Enterprise (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →