Rockwell Automation (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 655.1× the size of Rockwell Automation (Ondo Tokenized) (ROKON) by market capitalisation. Their daily returns move barely together (correlation 0.14 across 26 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against ROKON's 24%.

Correlation: 0.14
Size ratio: 1 : 655.1

Rockwell Automation (Ondo Tokenized)ROKON

$437.3300

24h: -0.36%
Market cap: $298,666
Volume 24h: $3,591
Volatility (ann.): 24%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.4600

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

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

Performance

ROKONSPCXB

7 days+3.42%-6.33%ROKON
30 days+4.93%-21.79%ROKON
90 days—+17.70%—

Correlation

0.14over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1490d: insufficient data1y: 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	ROKON	SPCXB
Max drawdown (400d)	-5.4%	-47.5%
Risk-adjusted return (90d)	0.20	0.28

Relative strength over 90 days: SPCXB outperformed ROKON by 1.0% — measured on the ROKON/SPCXB ratio, so it holds regardless of market direction.

Rockwell Automation (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →