Hims & Hers Health (Ondo Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 6.8× the size of Hims & Hers Health (Ondo Tokenized Stock) (HIMSON) by market capitalisation. Their daily returns move barely together (correlation 0.10 across 50 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against HIMSON's 57%.

Correlation: 0.10
Size ratio: 1 : 6.8

Hims & Hers Health (Ondo Tokenized Stock)HIMSON

$27.5100

24h: +7.39%
Market cap: $29.25M
Volume 24h: $1.96M
Volatility (ann.): 57%

SpaceX (bStocks Tokenized Stock)SPCXB

$135.5000

24h: -3.70%
Market cap: $200.36M
Volume 24h: $68.68M
Volatility (ann.): 71%

HIMSON 12.7%Share of the two combined market caps87.3% SPCXB

Performance

HIMSONSPCXB

7 days-7.00%-5.60%SPCXB
30 days-5.68%-11.42%HIMSON
90 days—+28.18%—

Correlation

0.10over 50 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1990d: 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	HIMSON	SPCXB
Max drawdown (400d)	-20.2%	-47.5%
Risk-adjusted return (90d)	-0.29	0.45

Relative strength over 90 days: SPCXB outperformed HIMSON by 20.2% — measured on the HIMSON/SPCXB ratio, so it holds regardless of market direction.

Hims & Hers Health (Ondo Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →