Plug Power (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 9886.3× the size of Plug Power (Ondo Tokenized) (PLUGON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 20.0 percentage points (PLUGON -28.6% against SPCXB -8.6%). Their daily returns move barely together (correlation 0.14 across 109 shared trading days). PLUGON has been the more volatile of the two, at 88% annualised against SPCXB's 73%.

Correlation: 0.14
Size ratio: 1 : 9886.3
Ahead over 90 days: SPCXB

Plug Power (Ondo Tokenized)PLUGON

$1.3500

24h: -9.36%
Market cap: $20,138
Volume 24h: $144,759
Volatility (ann.): 88%

SpaceX (bStocks Tokenized Stock)SPCXB

$127.4900

24h: -5.25%
Market cap: $199.09M
Volume 24h: $64.36M
Volatility (ann.): 73%

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

Performance

PLUGONSPCXB

7 days-8.26%-12.85%PLUGON
30 days-11.48%-27.86%PLUGON
90 days-28.59%-8.57%SPCXB

Correlation

0.14over 109 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2790d: 0.401y: 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	PLUGON	SPCXB
Max drawdown (400d)	-56.5%	-47.5%
Risk-adjusted return (90d)	-0.54	-0.15

Relative strength over 90 days: SPCXB outperformed PLUGON by 15.8% — measured on the PLUGON/SPCXB ratio, so it holds regardless of market direction.

Plug Power (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →