JPMorgan Chase (Ondo Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 71.1× the size of JPMorgan Chase (Ondo Tokenized Stock) (JPMON) by market capitalisation. Their daily returns move barely together (correlation 0.02 across 110 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against JPMON's 22%.

Correlation: 0.02
Size ratio: 1 : 71.1

JPMorgan Chase (Ondo Tokenized Stock)JPMON

$342.6000

24h: -0.59%
Market cap: $2.80M
Volume 24h: $638,371
Volatility (ann.): 22%

SpaceX (bStocks Tokenized Stock)SPCXB

$136.6300

24h: -1.07%
Market cap: $198.94M
Volume 24h: $46.58M
Volatility (ann.): 71%

JPMON 1.4%Share of the two combined market caps98.6% SPCXB

Performance

JPMONSPCXB

7 days-0.01%-5.60%JPMON
30 days-4.57%-11.42%JPMON
90 days+2.57%+28.18%SPCXB
1 year+14.71%——

Correlation

0.02over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0190d: 0.151y: 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	JPMON	SPCXB
Max drawdown (400d)	-15.6%	-47.5%
Risk-adjusted return (90d)	0.14	0.45

Relative strength over 90 days: JPMON outperformed SPCXB by 8.4% — measured on the JPMON/SPCXB ratio, so it holds regardless of market direction.

JPMorgan Chase (Ondo Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →