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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 163.1× the size of Nike (Ondo Tokenized Stock) (NKEON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 42.2 percentage points (NKEON -14.1% against SPCXB +28.2%). Their daily returns move barely in opposite directions (correlation -0.18 across 110 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against NKEON's 36%.

Correlation: -0.18
Size ratio: 1 : 163.1
Ahead over 90 days: SPCXB

Nike (Ondo Tokenized Stock)NKEON

$39.4800

24h: -1.27%
Market cap: $1.23M
Volume 24h: $151,146
Volatility (ann.): 36%

SpaceX (bStocks Tokenized Stock)SPCXB

$136.7300

24h: -2.42%
Market cap: $201.09M
Volume 24h: $62.91M
Volatility (ann.): 71%

NKEON 0.6%Share of the two combined market caps99.4% SPCXB

Performance

NKEONSPCXB

7 days+1.41%-5.60%NKEON
30 days-6.78%-11.42%NKEON
90 days-14.07%+28.18%SPCXB

Correlation

-0.18over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3590d: 0.011y: 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	NKEON	SPCXB
Max drawdown (400d)	-45.4%	-47.5%
Risk-adjusted return (90d)	-0.50	0.45

Relative strength over 90 days: SPCXB outperformed NKEON by 3.7% — measured on the NKEON/SPCXB ratio, so it holds regardless of market direction.

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