HIVE Digital Technologies (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 45498.7× the size of HIVE Digital Technologies (Ondo Tokenized) (HIVEON) by market capitalisation. Their daily returns move barely together (correlation 0.18 across 25 shared trading days). HIVEON has been the more volatile of the two, at 97% annualised against SPCXB's 71%.

Correlation: 0.18
Size ratio: 1 : 45498.7

HIVE Digital Technologies (Ondo Tokenized)HIVEON

$1.8300

24h: +1.17%
Market cap: $4,323
Volume 24h: $9
Volatility (ann.): 97%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.5500

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

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

Performance

HIVEONSPCXB

7 days-12.29%-6.33%SPCXB
30 days-17.36%-21.79%HIVEON
90 days—+17.70%—

Correlation

0.18over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1890d: 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	HIVEON	SPCXB
Max drawdown (400d)	-27.5%	-47.5%
Risk-adjusted return (90d)	-0.18	0.28

Relative strength over 90 days: SPCXB outperformed HIVEON by 25.4% — measured on the HIVEON/SPCXB ratio, so it holds regardless of market direction.

HIVE Digital Technologies (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →