MaxLinear (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 34189.7× the size of MaxLinear (Ondo Tokenized) (MXLON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 38.0 percentage points (MXLON -20.3% against SPCXB +17.7%). Their daily returns move barely together (correlation 0.21 across 76 shared trading days). MXLON has been the more volatile of the two, at 128% annualised against SPCXB's 71%.

Correlation: 0.21
Size ratio: 1 : 34189.7
Ahead over 90 days: SPCXB

MaxLinear (Ondo Tokenized)MXLON

$55.3500

24h: -11.35%
Market cap: $5,753
Volume 24h: $139,281
Volatility (ann.): 128%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.5500

24h: -1.89%
Market cap: $196.70M
Volume 24h: $66.42M
Volatility (ann.): 71%

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

Performance

MXLONSPCXB

7 days-0.05%-6.33%MXLON
30 days+3.12%-21.79%MXLON
90 days-20.33%+17.70%SPCXB

Correlation

0.21over 76 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1190d: 0.211y: 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	MXLON	SPCXB
Max drawdown (400d)	-32.4%	-47.5%
Risk-adjusted return (90d)	-0.16	0.28

Relative strength over 90 days: SPCXB outperformed MXLON by 34.3% — measured on the MXLON/SPCXB ratio, so it holds regardless of market direction.

MaxLinear (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →