Southern Copper (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 15218.6× the size of Southern Copper (Ondo Tokenized) (SCCOON) by market capitalisation. Their daily returns move barely together (correlation 0.08 across 27 shared trading days). SCCOON has been the more volatile of the two, at 88% annualised against SPCXB's 73%.

Correlation: 0.08
Size ratio: 1 : 15218.6

Southern Copper (Ondo Tokenized)SCCOON

$173.2200

24h: -6.24%
Market cap: $13,082
Volume 24h: $33
Volatility (ann.): 88%

SpaceX (bStocks Tokenized Stock)SPCXB

$127.4900

24h: -5.25%
Market cap: $199.09M
Volume 24h: $64.36M
Volatility (ann.): 73%

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

Performance

SCCOONSPCXB

7 days+0.79%-12.85%SCCOON
30 days+2.75%-27.86%SCCOON
90 days—-8.57%—

Correlation

0.08over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0890d: 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	SCCOON	SPCXB
Max drawdown (400d)	-21.6%	-47.5%
Risk-adjusted return (90d)	0.03	-0.15

Relative strength over 90 days: SPCXB outperformed SCCOON by 3.1% — measured on the SCCOON/SPCXB ratio, so it holds regardless of market direction.

Southern Copper (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →