MACOM Technology Solutions Holdings (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 1294.1× the size of MACOM Technology Solutions Holdings (Ondo Tokenized) (MTSION) by market capitalisation. Their daily returns move barely together (correlation 0.12 across 27 shared trading days). Both have run at a similar volatility, around 71% annualised.

Correlation: 0.12
Size ratio: 1 : 1294.1

MACOM Technology Solutions Holdings (Ondo Tokenized)MTSION

$231.7600

24h: +2.20%
Market cap: $151,193
Volume 24h: $4,789
Volatility (ann.): 71%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.3800

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

MTSION 0.1%Share of the two combined market caps99.9% SPCXB

Performance

MTSIONSPCXB

7 days+3.85%-6.33%MTSION
30 days+9.92%-21.79%MTSION
90 days—+17.70%—

Correlation

0.12over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1290d: 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	MTSION	SPCXB
Max drawdown (400d)	-16.1%	-47.5%
Risk-adjusted return (90d)	0.14	0.28

Relative strength over 90 days: MTSION outperformed SPCXB by 5.0% — measured on the MTSION/SPCXB ratio, so it holds regardless of market direction.

MACOM Technology Solutions Holdings (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →