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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 9.1× the size of MicroStrategy (Ondo Tokenized Stock) (MSTRON) by market capitalisation. Their daily returns move loosely together (correlation 0.35 across 34 shared trading days). MSTRON has been the more volatile of the two, at 104% annualised against SPCXB's 71%.

Correlation: 0.35
Size ratio: 1 : 9.1

MicroStrategy (Ondo Tokenized Stock)MSTRON

$132.5300

24h: +0.41%
Market cap: $22.01M
Volume 24h: $1.22M
Volatility (ann.): 104%

SpaceX (bStocks Tokenized Stock)SPCXB

$136.5600

24h: -1.13%
Market cap: $199.56M
Volume 24h: $46.45M
Volatility (ann.): 71%

MSTRON 9.9%Share of the two combined market caps90.1% SPCXB

Performance

MSTRONSPCXB

7 days-13.56%-5.60%SPCXB
30 days+10.32%-11.42%MSTRON
90 days—+28.18%—

Correlation

0.35over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3890d: 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	MSTRON	SPCXB
Max drawdown (400d)	-13.8%	-47.5%
Risk-adjusted return (90d)	0.05	0.45

Relative strength over 90 days: MSTRON outperformed SPCXB by 2.6% — measured on the MSTRON/SPCXB ratio, so it holds regardless of market direction.

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