NuScale Power (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 6109.6× the size of NuScale Power (Ondo Tokenized) (SMRON) by market capitalisation. Their daily returns move barely together (correlation 0.15 across 27 shared trading days). SMRON has been the more volatile of the two, at 108% annualised against SPCXB's 73%.

Correlation: 0.15
Size ratio: 1 : 6109.6

NuScale Power (Ondo Tokenized)SMRON

$5.0700

24h: —
Market cap: $33,032
Volume 24h: $11
Volatility (ann.): 108%

SpaceX (bStocks Tokenized Stock)SPCXB

$127.6200

24h: -5.04%
Market cap: $201.81M
Volume 24h: $60.61M
Volatility (ann.): 73%

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

Performance

SMRONSPCXB

7 days-7.60%-12.85%SMRON
30 days-20.29%-27.86%SMRON
90 days—-8.57%—

Correlation

0.15over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1590d: 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	SMRON	SPCXB
Max drawdown (400d)	-30.6%	-47.5%
Risk-adjusted return (90d)	-0.19	-0.15

Relative strength over 90 days: SPCXB outperformed SMRON by 24.8% — measured on the SMRON/SPCXB ratio, so it holds regardless of market direction.

NuScale Power (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →