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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 2681.1× the size of Ondas Holdings Tokenized Stock (Reality) (RONDS) by market capitalisation. Their daily returns move loosely together (correlation 0.40 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RONDS's 42%.

Correlation: 0.40
Size ratio: 1 : 2681.1

Ondas Holdings Tokenized Stock (Reality)RONDS

$5.2500

24h: -8.02%
Market cap: $74,376
Volume 24h: $368
Volatility (ann.): 42%

SpaceX (bStocks Tokenized Stock)SPCXB

$134.5100

24h: -0.01%
Market cap: $199.41M
Volume 24h: $52.76M
Volatility (ann.): 71%

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

Performance

RONDSSPCXB

7 days-5.10%-6.33%RONDS
30 days-4.58%-21.79%RONDS
90 days—+17.70%—

Correlation

0.40over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4090d: 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	RONDS	SPCXB
Max drawdown (400d)	-11.5%	-47.5%
Risk-adjusted return (90d)	-0.11	0.28

Relative strength over 90 days: SPCXB outperformed RONDS by 16.3% — measured on the RONDS/SPCXB ratio, so it holds regardless of market direction.

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