Powell Industries (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 14768.6× the size of Powell Industries (Ondo Tokenized) (POWLON) by market capitalisation. Their daily returns move barely together (correlation 0.30 across 26 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against POWLON's 43%.

Correlation: 0.30
Size ratio: 1 : 14768.6

Powell Industries (Ondo Tokenized)POWLON

$140.8100

24h: -14.75%
Market cap: $12,466
Volume 24h: $715
Volatility (ann.): 43%

SpaceX (bStocks Tokenized Stock)SPCXB

$122.5500

24h: -9.90%
Market cap: $184.11M
Volume 24h: $38.58M
Volatility (ann.): 71%

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

Performance

POWLONSPCXB

7 days+3.00%-6.33%POWLON
30 days+11.91%-21.79%POWLON
90 days—+17.70%—

Correlation

0.30over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3090d: insufficient data1y: 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	POWLON	SPCXB
Max drawdown (400d)	-6.6%	-47.5%
Risk-adjusted return (90d)	0.28	0.28

Relative strength over 90 days: POWLON outperformed SPCXB by 5.6% — measured on the POWLON/SPCXB ratio, so it holds regardless of market direction.

Powell Industries (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →