SolarEdge Technologies (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 47132.6× the size of SolarEdge Technologies (Ondo Tokenized) (SEDGON) by market capitalisation. Their daily returns move loosely together (correlation 0.52 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against SEDGON's 56%.

Correlation: 0.52
Size ratio: 1 : 47132.6

SolarEdge Technologies (Ondo Tokenized)SEDGON

$30.0300

24h: —
Market cap: $3,946
Volume 24h: —
Volatility (ann.): 56%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.1500

24h: -9.98%
Market cap: $185.96M
Volume 24h: $47.36M
Volatility (ann.): 71%

SEDGON 0.0%Share of the two combined market caps100.0% SPCXB

Performance

SEDGONSPCXB

7 days+7.91%-6.33%SEDGON
30 days-1.76%-21.79%SEDGON
90 days—+17.70%—

Correlation

0.52over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5290d: 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	SEDGON	SPCXB
Max drawdown (400d)	-11.4%	-47.5%
Risk-adjusted return (90d)	-0.03	0.28

Relative strength over 90 days: SPCXB outperformed SEDGON by 1.1% — measured on the SEDGON/SPCXB ratio, so it holds regardless of market direction.

SolarEdge Technologies (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →