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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 203.7× the size of Salesforce (Ondo Tokenized Stock) (CRMON) by market capitalisation. Over the past 90 days, CRMON is ahead by 12.8 percentage points (CRMON +41.0% against SPCXB +28.2%). Their daily returns move barely in opposite directions (correlation -0.04 across 112 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against CRMON's 47%.

Correlation: -0.04
Size ratio: 1 : 203.7
Ahead over 90 days: CRMON

Salesforce (Ondo Tokenized Stock)CRMON

$221.6900

24h: -2.39%
Market cap: $960,292
Volume 24h: $617,772
Volatility (ann.): 47%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.5500

24h: -3.48%
Market cap: $195.62M
Volume 24h: $53.04M
Volatility (ann.): 71%

CRMON 0.5%Share of the two combined market caps99.5% SPCXB

Performance

CRMONSPCXB

7 days-2.77%-5.60%CRMON
30 days-9.26%-11.42%CRMON
90 days+41.01%+28.18%CRMON

Correlation

-0.04over 112 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1090d: -0.021y: 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	CRMON	SPCXB
Max drawdown (400d)	-43.7%	-47.5%
Risk-adjusted return (90d)	0.76	0.45

Relative strength over 90 days: CRMON outperformed SPCXB by 59.1% — measured on the CRMON/SPCXB ratio, so it holds regardless of market direction.

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