Rivian Automotive (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 3343.0× the size of Rivian Automotive (Ondo Tokenized) (RIVNON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 29.0 percentage points (RIVNON -11.3% against SPCXB +17.7%). Their daily returns move barely together (correlation 0.31 across 109 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RIVNON's 57%.

Correlation: 0.31
Size ratio: 1 : 3343.0
Ahead over 90 days: SPCXB

Rivian Automotive (Ondo Tokenized)RIVNON

$14.0000

24h: +7.12%
Market cap: $57,890
Volume 24h: $479,711
Volatility (ann.): 57%

SpaceX (bStocks Tokenized Stock)SPCXB

$122.4000

24h: -9.44%
Market cap: $193.52M
Volume 24h: $55.57M
Volatility (ann.): 71%

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

Performance

RIVNONSPCXB

7 days+0.33%-6.33%RIVNON
30 days-3.93%-21.79%RIVNON
90 days-11.29%+17.70%SPCXB

Correlation

0.31over 109 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4690d: 0.351y: 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	RIVNON	SPCXB
Max drawdown (400d)	-27.0%	-47.5%
Risk-adjusted return (90d)	-0.20	0.28

Relative strength over 90 days: RIVNON outperformed SPCXB by 4.5% — measured on the RIVNON/SPCXB ratio, so it holds regardless of market direction.

Rivian Automotive (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →