Planet Labs (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 39675.8× the size of Planet Labs (Ondo Tokenized) (PLON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 65.8 percentage points (PLON -48.1% against SPCXB +17.7%). Their daily returns move barely together (correlation 0.32 across 103 shared trading days). Both have run at a similar volatility, around 71% annualised.

Correlation: 0.32
Size ratio: 1 : 39675.8
Ahead over 90 days: SPCXB

Planet Labs (Ondo Tokenized)PLON

$12.6700

24h: -4.18%
Market cap: $4,957
Volume 24h: $140,987
Volatility (ann.): 70%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.1200

24h: -1.47%
Market cap: $196.69M
Volume 24h: $57.44M
Volatility (ann.): 71%

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

Performance

PLONSPCXB

7 days-0.12%-6.33%PLON
30 days-13.62%-21.79%PLON
90 days-48.05%+17.70%SPCXB

Correlation

0.32over 103 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1790d: 0.321y: 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	PLON	SPCXB
Max drawdown (400d)	-52.1%	-47.5%
Risk-adjusted return (90d)	-0.75	0.28

Relative strength over 90 days: SPCXB outperformed PLON by 38.8% — measured on the PLON/SPCXB ratio, so it holds regardless of market direction.

Planet Labs (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →