Nebius Group (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 54.7× the size of Nebius Group (Ondo Tokenized) (NBISON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 59.3 percentage points (NBISON -31.1% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.24 across 117 shared trading days). NBISON has been the more volatile of the two, at 129% annualised against SPCXB's 71%.

Correlation: 0.24
Size ratio: 1 : 54.7
Ahead over 90 days: SPCXB

Nebius Group (Ondo Tokenized)NBISON

$146.3500

24h: +1.65%
Market cap: $3.62M
Volume 24h: $1.35M
Volatility (ann.): 129%

SpaceX (bStocks Tokenized Stock)SPCXB

$134.5700

24h: -4.79%
Market cap: $198.18M
Volume 24h: $69.59M
Volatility (ann.): 71%

NBISON 1.8%Share of the two combined market caps98.2% SPCXB

Performance

NBISONSPCXB

7 days-4.49%-5.60%NBISON
30 days-33.20%-11.42%SPCXB
90 days-31.07%+28.18%SPCXB

Correlation

0.24over 117 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1190d: 0.191y: 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	NBISON	SPCXB
Max drawdown (400d)	-49.2%	-47.5%
Risk-adjusted return (90d)	-0.22	0.45

Relative strength over 90 days: SPCXB outperformed NBISON by 27.1% — measured on the NBISON/SPCXB ratio, so it holds regardless of market direction.

Nebius Group (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →