SpaceX (bStocks Tokenized Stock) (SPCXB) is 3279.2× the size of Ouster (Ondo Tokenized) (OUSTON) by market capitalisation. Their daily returns move loosely together (correlation 0.55 across 26 shared trading days). Both have run at a similar volatility, around 73% annualised.
$123.4200
OUSTONSPCXB
0.55over 26 shared trading days
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.
| Metric | OUSTON | SPCXB |
|---|---|---|
| Max drawdown (400d) | -12.8% | -47.5% |
| Risk-adjusted return (90d) | 0.32 | 0.28 |
Relative strength over 90 days: OUSTON outperformed SPCXB by 16.9% — measured on the OUSTON/SPCXB ratio, so it holds regardless of market direction.