Occidental Petroleum (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 1950.7× the size of Occidental Petroleum (Ondo Tokenized) (OXYON) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.43 across 30 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against OXYON's 43%.

Correlation: -0.43
Size ratio: 1 : 1950.7

Occidental Petroleum (Ondo Tokenized)OXYON

$58.0200

24h: -4.83%
Market cap: $93,702
Volume 24h: $7,712
Volatility (ann.): 43%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.4200

24h: -10.39%
Market cap: $182.78M
Volume 24h: $46.58M
Volatility (ann.): 71%

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

Performance

OXYONSPCXB

7 days+1.89%-6.33%OXYON
30 days-3.98%-21.79%OXYON
90 days—+17.70%—

Correlation

-0.43over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.4390d: 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	OXYON	SPCXB
Max drawdown (400d)	-13.5%	-47.5%
Risk-adjusted return (90d)	-0.09	0.28

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

Occidental Petroleum (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →