SoundHound AI (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 15448.0× the size of SoundHound AI (Ondo Tokenized) (SOUNON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 23.9 percentage points (SOUNON -6.2% against SPCXB +17.7%). Their daily returns move barely together (correlation 0.02 across 109 shared trading days). Both have run at a similar volatility, around 76% annualised.

Correlation: 0.02
Size ratio: 1 : 15448.0
Ahead over 90 days: SPCXB

SoundHound AI (Ondo Tokenized)SOUNON

$4.3700

24h: +6.68%
Market cap: $12,038
Volume 24h: $148,110
Volatility (ann.): 80%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.9000

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

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

Performance

SOUNONSPCXB

7 days-2.05%-6.33%SOUNON
30 days-14.87%-21.79%SOUNON
90 days-6.18%+17.70%SPCXB

Correlation

0.02over 109 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1090d: 0.091y: 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	SOUNON	SPCXB
Max drawdown (400d)	-48.4%	-47.5%
Risk-adjusted return (90d)	-0.08	0.28

Relative strength over 90 days: SOUNON outperformed SPCXB by 10.6% — measured on the SOUNON/SPCXB ratio, so it holds regardless of market direction.

SoundHound AI (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →