Ondas Holdings (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 1166.5× the size of Ondas Holdings (Ondo Tokenized) (ONDSON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 25.7 percentage points (ONDSON -8.0% against SPCXB +17.7%). Their daily returns move barely together (correlation 0.27 across 109 shared trading days). ONDSON has been the more volatile of the two, at 95% annualised against SPCXB's 71%.

Correlation: 0.27
Size ratio: 1 : 1166.5
Ahead over 90 days: SPCXB

Ondas Holdings (Ondo Tokenized)ONDSON

$5.2500

24h: -8.24%
Market cap: $167,729
Volume 24h: $785,091
Volatility (ann.): 95%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.4600

24h: +1.08%
Market cap: $195.65M
Volume 24h: $48.58M
Volatility (ann.): 71%

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

Performance

ONDSONSPCXB

7 days+3.35%-6.33%ONDSON
30 days-4.13%-21.79%ONDSON
90 days-8.03%+17.70%SPCXB

Correlation

0.27over 109 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1790d: 0.301y: 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	ONDSON	SPCXB
Max drawdown (400d)	-52.9%	-47.5%
Risk-adjusted return (90d)	-0.10	0.28

Relative strength over 90 days: ONDSON outperformed SPCXB by 8.4% — measured on the ONDSON/SPCXB ratio, so it holds regardless of market direction.

Ondas Holdings (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →