Procter & Gamble (Ondo Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 64.4× the size of Procter & Gamble (Ondo Tokenized Stock) (PGON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.09 across 112 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against PGON's 24%.

Correlation: -0.09
Size ratio: 1 : 64.4

Procter & Gamble (Ondo Tokenized Stock)PGON

$168.7000

24h: +3.79%
Market cap: $3.04M
Volume 24h: $125,725
Volatility (ann.): 24%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.4700

24h: +1.08%
Market cap: $195.65M
Volume 24h: $48.58M
Volatility (ann.): 71%

PGON 1.5%Share of the two combined market caps98.5% SPCXB

Performance

PGONSPCXB

7 days+11.47%-6.33%PGON
30 days+11.35%-21.79%PGON
90 days+8.35%+17.70%SPCXB
1 year+18.47%——

Correlation

-0.09over 112 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3390d: -0.191y: 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	PGON	SPCXB
Max drawdown (400d)	-15.6%	-47.5%
Risk-adjusted return (90d)	0.29	0.28

Relative strength over 90 days: PGON outperformed SPCXB by 26.5% — measured on the PGON/SPCXB ratio, so it holds regardless of market direction.

Procter & Gamble (Ondo Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →