Nordic American Tankers (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 195097.1× the size of Nordic American Tankers (Ondo Tokenized) (NATON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.00 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against NATON's 34%.

Correlation: -0.00
Size ratio: 1 : 195097.1

Nordic American Tankers (Ondo Tokenized)NATON

$8.3600

24h: —
Market cap: $1,008
Volume 24h: —
Volatility (ann.): 34%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.9100

24h: -2.39%
Market cap: $196.73M
Volume 24h: $67.32M
Volatility (ann.): 71%

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

Performance

NATONSPCXB

7 days+5.85%-6.33%NATON
30 days+17.93%-21.79%NATON
90 days—+17.70%—

Correlation

-0.00over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0090d: 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	NATON	SPCXB
Max drawdown (400d)	-7.0%	-47.5%
Risk-adjusted return (90d)	0.52	0.28

Relative strength over 90 days: NATON outperformed SPCXB by 7.0% — measured on the NATON/SPCXB ratio, so it holds regardless of market direction.

Nordic American Tankers (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →