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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 77.4× the size of Petrobras (Ondo Tokenized Stock) (PBRON) by market capitalisation. Over the past 90 days, PBRON is ahead by 0.9 percentage points (PBRON +29.1% against SPCXB +28.2%). Their daily returns move barely in opposite directions (correlation -0.27 across 109 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against PBRON's 39%.

Correlation: -0.27
Size ratio: 1 : 77.4
Ahead over 90 days: PBRON

Petrobras (Ondo Tokenized Stock)PBRON

$21.9000

24h: -0.83%
Market cap: $2.55M
Volume 24h: $506,589
Volatility (ann.): 39%

SpaceX (bStocks Tokenized Stock)SPCXB

$134.9200

24h: -1.99%
Market cap: $197.38M
Volume 24h: $46.76M
Volatility (ann.): 71%

PBRON 1.3%Share of the two combined market caps98.7% SPCXB

Performance

PBRONSPCXB

7 days+0.14%-5.60%PBRON
30 days+12.57%-11.42%PBRON
90 days+29.07%+28.18%PBRON

Correlation

-0.27over 109 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2490d: -0.201y: 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	PBRON	SPCXB
Max drawdown (400d)	-26.3%	-47.5%
Risk-adjusted return (90d)	0.77	0.45

Relative strength over 90 days: PBRON outperformed SPCXB by 52.1% — measured on the PBRON/SPCXB ratio, so it holds regardless of market direction.

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