Regeneron Pharmaceuticals (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 12226.1× the size of Regeneron Pharmaceuticals (Ondo Tokenized) (REGNON) by market capitalisation. Over the past 90 days, REGNON is ahead by 10.4 percentage points (REGNON +28.1% against SPCXB +17.7%). Their daily returns move barely together (correlation 0.03 across 109 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against REGNON's 36%.

Correlation: 0.03
Size ratio: 1 : 12226.1
Ahead over 90 days: REGNON

Regeneron Pharmaceuticals (Ondo Tokenized)REGNON

$926.2100

24h: -4.47%
Market cap: $15,210
Volume 24h: $150,485
Volatility (ann.): 36%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.9000

24h: -9.98%
Market cap: $185.96M
Volume 24h: $47.36M
Volatility (ann.): 71%

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

Performance

REGNONSPCXB

7 days+1.07%-6.33%REGNON
30 days+1.05%-21.79%REGNON
90 days+28.13%+17.70%REGNON

Correlation

0.03over 109 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0590d: 0.041y: 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	REGNON	SPCXB
Max drawdown (400d)	-22.7%	-47.5%
Risk-adjusted return (90d)	0.84	0.28

Relative strength over 90 days: REGNON outperformed SPCXB by 51.0% — measured on the REGNON/SPCXB ratio, so it holds regardless of market direction.

Regeneron Pharmaceuticals (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →