Keel Infrastructure (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 6471.3× the size of Keel Infrastructure (Ondo Tokenized) (KEELON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 52.4 percentage points (KEELON -34.7% against SPCXB +17.7%). Their daily returns move barely together (correlation 0.22 across 96 shared trading days). KEELON has been the more volatile of the two, at 115% annualised against SPCXB's 71%.

Correlation: 0.22
Size ratio: 1 : 6471.3
Ahead over 90 days: SPCXB

Keel Infrastructure (Ondo Tokenized)KEELON

$2.1500

24h: +2.91%
Market cap: $29,905
Volume 24h: $152,811
Volatility (ann.): 115%

SpaceX (bStocks Tokenized Stock)SPCXB

$122.7400

24h: -9.44%
Market cap: $193.52M
Volume 24h: $55.57M
Volatility (ann.): 71%

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

Performance

KEELONSPCXB

7 days-8.64%-6.33%SPCXB
30 days+15.66%-21.79%KEELON
90 days-34.69%+17.70%SPCXB

Correlation

0.22over 96 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5090d: 0.241y: 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	KEELON	SPCXB
Max drawdown (400d)	-49.3%	-47.5%
Risk-adjusted return (90d)	-0.30	0.28

Relative strength over 90 days: SPCXB outperformed KEELON by 23.0% — measured on the KEELON/SPCXB ratio, so it holds regardless of market direction.

Keel Infrastructure (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →