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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 1758.9× the size of Seagate (Ondo Tokenized) (STXON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 25.1 percentage points (STXON -7.4% against SPCXB +17.7%). Their daily returns move barely together (correlation 0.21 across 109 shared trading days). Both have run at a similar volatility, around 75% annualised.

Correlation: 0.21
Size ratio: 1 : 1758.9
Ahead over 90 days: SPCXB

Seagate (Ondo Tokenized)STXON

$545.5600

24h: -7.92%
Market cap: $103,921
Volume 24h: $421,614
Volatility (ann.): 79%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.4200

24h: -10.39%
Market cap: $182.78M
Volume 24h: $46.58M
Volatility (ann.): 71%

STXON 0.1%Share of the two combined market caps99.9% SPCXB

Performance

STXONSPCXB

7 days+2.08%-6.33%STXON
30 days+7.96%-21.79%STXON
90 days-7.42%+17.70%SPCXB

Correlation

0.21over 109 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1590d: 0.141y: 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	STXON	SPCXB
Max drawdown (400d)	-34.4%	-47.5%
Risk-adjusted return (90d)	-0.09	0.28

Relative strength over 90 days: STXON outperformed SPCXB by 9.1% — measured on the STXON/SPCXB ratio, so it holds regardless of market direction.

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