Lam Research (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 544.9× the size of Lam Research (Ondo Tokenized) (LRCXON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 45.6 percentage points (LRCXON -27.9% against SPCXB +17.7%). Their daily returns move barely together (correlation 0.21 across 109 shared trading days). Both have run at a similar volatility, around 69% annualised.

Correlation: 0.21
Size ratio: 1 : 544.9
Ahead over 90 days: SPCXB

Lam Research (Ondo Tokenized)LRCXON

$216.4100

24h: -3.10%
Market cap: $360,954
Volume 24h: $575,087
Volatility (ann.): 66%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.1200

24h: -1.47%
Market cap: $196.69M
Volume 24h: $57.44M
Volatility (ann.): 71%

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

Performance

LRCXONSPCXB

7 days+2.17%-6.33%LRCXON
30 days+2.26%-21.79%LRCXON
90 days-27.93%+17.70%SPCXB

Correlation

0.21over 109 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1590d: 0.291y: 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	LRCXON	SPCXB
Max drawdown (400d)	-38.3%	-47.5%
Risk-adjusted return (90d)	-0.40	0.28

Relative strength over 90 days: SPCXB outperformed LRCXON by 15.1% — measured on the LRCXON/SPCXB ratio, so it holds regardless of market direction.

Lam Research (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →