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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 773.6× the size of Redwire (Ondo Tokenized) (RDWON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 35.5 percentage points (RDWON -7.3% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.33 across 109 shared trading days). RDWON has been the more volatile of the two, at 137% annualised against SPCXB's 71%.

Correlation: 0.33
Size ratio: 1 : 773.6
Ahead over 90 days: SPCXB

Redwire (Ondo Tokenized)RDWON

$7.9100

24h: -0.89%
Market cap: $254,288
Volume 24h: $440,957
Volatility (ann.): 137%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.8800

24h: -2.02%
Market cap: $196.73M
Volume 24h: $46.43M
Volatility (ann.): 71%

RDWON 0.1%Share of the two combined market caps99.9% SPCXB

Performance

RDWONSPCXB

7 days-2.27%-5.60%RDWON
30 days+3.44%-11.42%RDWON
90 days-7.31%+28.18%SPCXB

Correlation

0.33over 109 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2990d: 0.421y: 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	RDWON	SPCXB
Max drawdown (400d)	-69.1%	-47.5%
Risk-adjusted return (90d)	-0.08	0.45

Relative strength over 90 days: RDWON outperformed SPCXB by 9.2% — measured on the RDWON/SPCXB ratio, so it holds regardless of market direction.

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