JD.com (Ondo Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 151.8× the size of JD.com (Ondo Tokenized Stock) (JDON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.16 across 109 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against JDON's 33%.

Correlation: -0.16
Size ratio: 1 : 151.8

JD.com (Ondo Tokenized Stock)JDON

$27.6300

24h: -0.78%
Market cap: $1.26M
Volume 24h: $153,576
Volatility (ann.): 33%

SpaceX (bStocks Tokenized Stock)SPCXB

$130.8800

24h: -4.65%
Market cap: $191.70M
Volume 24h: $48.16M
Volatility (ann.): 71%

JDON 0.7%Share of the two combined market caps99.3% SPCXB

Performance

JDONSPCXB

7 days-1.13%-5.60%JDON
30 days-5.74%-11.42%JDON
90 days+5.96%+28.18%SPCXB
1 year-23.00%——

Correlation

-0.16over 109 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0690d: -0.101y: 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	JDON	SPCXB
Max drawdown (400d)	-30.1%	-47.5%
Risk-adjusted return (90d)	0.19	0.45

Relative strength over 90 days: JDON outperformed SPCXB by 24.9% — measured on the JDON/SPCXB ratio, so it holds regardless of market direction.

JD.com (Ondo Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →