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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 919.0× the size of Nokia (Ondo Tokenized) (NOKON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 51.3 percentage points (NOKON -23.2% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.28 across 103 shared trading days). Both have run at a similar volatility, around 71% annualised.

Correlation: 0.28
Size ratio: 1 : 919.0
Ahead over 90 days: SPCXB

Nokia (Ondo Tokenized)NOKON

$8.4000

24h: +0.07%
Market cap: $208,585
Volume 24h: $436,893
Volatility (ann.): 71%

SpaceX (bStocks Tokenized Stock)SPCXB

$130.8800

24h: -4.65%
Market cap: $191.70M
Volume 24h: $48.16M
Volatility (ann.): 71%

NOKON 0.1%Share of the two combined market caps99.9% SPCXB

Performance

NOKONSPCXB

7 days-7.18%-5.60%SPCXB
30 days+0.00%-11.42%NOKON
90 days-23.16%+28.18%SPCXB

Correlation

0.28over 103 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1890d: 0.331y: 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	NOKON	SPCXB
Max drawdown (400d)	-41.5%	-47.5%
Risk-adjusted return (90d)	-0.32	0.45

Relative strength over 90 days: SPCXB outperformed NOKON by 9.4% — measured on the NOKON/SPCXB ratio, so it holds regardless of market direction.

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