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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 589.6× the size of IonQ (Ondo Tokenized) (IONQON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 35.6 percentage points (IONQON -17.9% against SPCXB +17.7%). Their daily returns move loosely together (correlation 0.35 across 109 shared trading days). IONQON has been the more volatile of the two, at 103% annualised against SPCXB's 71%.

Correlation: 0.35
Size ratio: 1 : 589.6
Ahead over 90 days: SPCXB

IonQ (Ondo Tokenized)IONQON

$29.3500

24h: +1.62%
Market cap: $335,507
Volume 24h: $147,639
Volatility (ann.): 103%

SpaceX (bStocks Tokenized Stock)SPCXB

$134.0800

24h: +1.07%
Market cap: $197.81M
Volume 24h: $61.00M
Volatility (ann.): 71%

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

Performance

IONQONSPCXB

7 days+6.80%-6.33%IONQON
30 days+10.80%-21.79%IONQON
90 days-17.92%+17.70%SPCXB

Correlation

0.35over 109 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4490d: 0.531y: 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	IONQON	SPCXB
Max drawdown (400d)	-54.5%	-47.5%
Risk-adjusted return (90d)	-0.22	0.28

Relative strength over 90 days: SPCXB outperformed IONQON by 3.3% — measured on the IONQON/SPCXB ratio, so it holds regardless of market direction.

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