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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 57.9× the size of SanDisk (Ondo Tokenized) (SNDKON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 58.4 percentage points (SNDKON -30.2% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.16 across 112 shared trading days). SNDKON has been the more volatile of the two, at 130% annualised against SPCXB's 71%.

Correlation: 0.16
Size ratio: 1 : 57.9
Ahead over 90 days: SPCXB

SanDisk (Ondo Tokenized)SNDKON

$1,093.53

24h: -0.38%
Market cap: $3.46M
Volume 24h: $1.78M
Volatility (ann.): 130%

SpaceX (bStocks Tokenized Stock)SPCXB

$135.3700

24h: -3.70%
Market cap: $200.36M
Volume 24h: $68.68M
Volatility (ann.): 71%

SNDKON 1.7%Share of the two combined market caps98.3% SPCXB

Performance

SNDKONSPCXB

7 days-28.28%-5.60%SPCXB
30 days-17.87%-11.42%SPCXB
90 days-30.20%+28.18%SPCXB

Correlation

0.16over 112 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0990d: 0.201y: 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	SNDKON	SPCXB
Max drawdown (400d)	-56.7%	-47.5%
Risk-adjusted return (90d)	-0.21	0.45

Relative strength over 90 days: SPCXB outperformed SNDKON by 25.7% — measured on the SNDKON/SPCXB ratio, so it holds regardless of market direction.

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