SpaceX (bStocks Tokenized Stock) (SPCXB) is 1007.6× the size of Lattice Semiconductor (Ondo Tokenized) (LSCCON) by market capitalisation. Their daily returns move barely together (correlation 0.31 across 26 shared trading days). Both have run at a similar volatility, around 67% annualised.
$107.3700
$133.7500
LSCCONSPCXB
0.31over 26 shared trading days
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.
| Metric | LSCCON | SPCXB |
|---|---|---|
| Max drawdown (400d) | -11.4% | -47.5% |
| Risk-adjusted return (90d) | 0.28 | 0.28 |
Relative strength over 90 days: LSCCON outperformed SPCXB by 11.2% — measured on the LSCCON/SPCXB ratio, so it holds regardless of market direction.