PayPal (Ondo Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 163.5× the size of PayPal (Ondo Tokenized Stock) (PYPLON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 0.4 percentage points (PYPLON +27.7% against SPCXB +28.2%). Their daily returns move barely in opposite directions (correlation -0.04 across 109 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against PYPLON's 43%.

Correlation: -0.04
Size ratio: 1 : 163.5
Ahead over 90 days: SPCXB

PayPal (Ondo Tokenized Stock)PYPLON

$58.1800

24h: -1.82%
Market cap: $1.20M
Volume 24h: $154,917
Volatility (ann.): 43%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.8600

24h: -3.48%
Market cap: $195.62M
Volume 24h: $53.04M
Volatility (ann.): 71%

PYPLON 0.6%Share of the two combined market caps99.4% SPCXB

Performance

PYPLONSPCXB

7 days+4.00%-5.60%PYPLON
30 days+2.27%-11.42%PYPLON
90 days+27.74%+28.18%SPCXB

Correlation

-0.04over 109 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1690d: -0.091y: 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	PYPLON	SPCXB
Max drawdown (400d)	-20.3%	-47.5%
Risk-adjusted return (90d)	0.51	0.45

Relative strength over 90 days: PYPLON outperformed SPCXB by 50.5% — measured on the PYPLON/SPCXB ratio, so it holds regardless of market direction.

PayPal (Ondo Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →