Riot Platforms (Ondo Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 521.7× the size of Riot Platforms (Ondo Tokenized Stock) (RIOTON) by market capitalisation. Their daily returns move barely together (correlation 0.16 across 113 shared trading days). RIOTON has been the more volatile of the two, at 101% annualised against SPCXB's 71%.

Correlation: 0.16
Size ratio: 1 : 521.7

Riot Platforms (Ondo Tokenized Stock)RIOTON

$15.5400

24h: +14.26%
Market cap: $376,395
Volume 24h: $175,797
Volatility (ann.): 101%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.1500

24h: -1.33%
Market cap: $196.38M
Volume 24h: $57.23M
Volatility (ann.): 71%

RIOTON 0.2%Share of the two combined market caps99.8% SPCXB

Performance

RIOTONSPCXB

7 days-33.15%-6.33%SPCXB
30 days-17.53%-21.79%RIOTON
90 days-30.57%+17.70%SPCXB
1 year-1.38%——

Correlation

0.16over 113 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3190d: 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	RIOTON	SPCXB
Max drawdown (400d)	-50.6%	-47.5%
Risk-adjusted return (90d)	-0.24	0.28

Relative strength over 90 days: SPCXB outperformed RIOTON by 21.2% — measured on the RIOTON/SPCXB ratio, so it holds regardless of market direction.

Riot Platforms (Ondo Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →