Johnson & Johnson (Ondo Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 5750.2× the size of Johnson & Johnson (Ondo Tokenized Stock) (JNJON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.20 across 29 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against JNJON's 17%.

Correlation: -0.20
Size ratio: 1 : 5750.2

Johnson & Johnson (Ondo Tokenized Stock)JNJON

$281.5300

24h: +4.54%
Market cap: $34,025
Volume 24h: $76
Volatility (ann.): 17%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.4700

24h: +1.08%
Market cap: $195.65M
Volume 24h: $48.58M
Volatility (ann.): 71%

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

Performance

JNJONSPCXB

7 days-7.08%-6.33%SPCXB
30 days-8.68%-21.79%JNJON
90 days—+17.70%—

Correlation

-0.20over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2090d: 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	JNJON	SPCXB
Max drawdown (400d)	-8.7%	-47.5%
Risk-adjusted return (90d)	-0.52	0.28

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

Johnson & Johnson (Ondo Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →