Marvell Technology (Ondo Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 20.3× the size of Marvell Technology (Ondo Tokenized Stock) (MRVLON) by market capitalisation. Their daily returns move barely together (correlation 0.25 across 109 shared trading days). MRVLON has been the more volatile of the two, at 93% annualised against SPCXB's 71%.

Correlation: 0.25
Size ratio: 1 : 20.3

Marvell Technology (Ondo Tokenized Stock)MRVLON

$166.7100

24h: -4.95%
Market cap: $9.60M
Volume 24h: $2.13M
Volatility (ann.): 93%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.3700

24h: -2.66%
Market cap: $194.96M
Volume 24h: $45.67M
Volatility (ann.): 71%

MRVLON 4.7%Share of the two combined market caps95.3% SPCXB

Performance

MRVLONSPCXB

7 days-1.94%-5.60%MRVLON
30 days+17.30%-11.42%MRVLON
90 days-14.22%+28.18%SPCXB
1 year+177.15%——

Correlation

0.25over 109 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1890d: 0.271y: 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	MRVLON	SPCXB
Max drawdown (400d)	-48.9%	-47.5%
Risk-adjusted return (90d)	-0.15	0.45

Relative strength over 90 days: MRVLON outperformed SPCXB by 1.1% — measured on the MRVLON/SPCXB ratio, so it holds regardless of market direction.

Marvell Technology (Ondo Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →