Intuitive Surgical (Ondo Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 401.8× the size of Intuitive Surgical (Ondo Tokenized Stock) (ISRGON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 16.8 percentage points (ISRGON +0.9% against SPCXB +17.7%). Their daily returns move barely together (correlation 0.26 across 109 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against ISRGON's 33%.

Correlation: 0.26
Size ratio: 1 : 401.8
Ahead over 90 days: SPCXB

Intuitive Surgical (Ondo Tokenized Stock)ISRGON

$479.4700

24h: +9.49%
Market cap: $488,703
Volume 24h: $161,850
Volatility (ann.): 33%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.1500

24h: -1.33%
Market cap: $196.38M
Volume 24h: $57.23M
Volatility (ann.): 71%

ISRGON 0.2%Share of the two combined market caps99.8% SPCXB

Performance

ISRGONSPCXB

7 days+0.86%-6.33%ISRGON
30 days+7.93%-21.79%ISRGON
90 days+0.92%+17.70%SPCXB

Correlation

0.26over 109 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1690d: 0.281y: 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	ISRGON	SPCXB
Max drawdown (400d)	-33.6%	-47.5%
Risk-adjusted return (90d)	0.02	0.28

Relative strength over 90 days: ISRGON outperformed SPCXB by 18.9% — measured on the ISRGON/SPCXB ratio, so it holds regardless of market direction.

Intuitive Surgical (Ondo Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →