SK Hynix (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 171.7× the size of SK Hynix (Ondo Tokenized) (SKHYON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 37.6 percentage points (SKHYON -9.4% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.05 across 76 shared trading days). SKHYON has been the more volatile of the two, at 108% annualised against SPCXB's 71%.

Correlation: 0.05
Size ratio: 1 : 171.7
Ahead over 90 days: SPCXB

SK Hynix (Ondo Tokenized)SKHYON

$144.8800

24h: -3.19%
Market cap: $1.14M
Volume 24h: $531,733
Volatility (ann.): 108%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.5500

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

SKHYON 0.6%Share of the two combined market caps99.4% SPCXB

Performance

SKHYONSPCXB

7 days-16.33%-5.60%SPCXB
30 days-12.28%-11.42%SPCXB
90 days-9.39%+28.18%SPCXB

Correlation

0.05over 76 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0190d: 0.051y: 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	SKHYON	SPCXB
Max drawdown (400d)	-26.5%	-47.5%
Risk-adjusted return (90d)	-0.09	0.45

Relative strength over 90 days: SPCXB outperformed SKHYON by 23.4% — measured on the SKHYON/SPCXB ratio, so it holds regardless of market direction.

SK Hynix (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →