SpaceX (bStocks Tokenized Stock) vs Circle Internet Group (Ondo Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 2.2× the size of Circle Internet Group (Ondo Tokenized Stock) (CRCLON) by market capitalisation. Their daily returns move barely together (correlation 0.20 across 57 shared trading days). CRCLON has been the more volatile of the two, at 97% annualised against SPCXB's 71%.

Correlation: 0.20
Size ratio: 2.2×

SpaceX (bStocks Tokenized Stock)SPCXB

$133.1200

24h: -1.47%
Market cap: $196.69M
Volume 24h: $57.44M
Volatility (ann.): 71%

Circle Internet Group (Ondo Tokenized Stock)CRCLON

$75.2100

24h: +1.02%
Market cap: $88.55M
Volume 24h: $1.61M
Volatility (ann.): 97%

SPCXB 69.0%Share of the two combined market caps31.0% CRCLON

Performance

SPCXBCRCLON

7 days-6.33%-5.63%CRCLON
30 days-21.79%-15.88%CRCLON
90 days+17.70%——

Correlation

0.20over 57 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	SPCXB	CRCLON
Max drawdown (400d)	-47.5%	-30.7%
Risk-adjusted return (90d)	0.28	0.06

Relative strength over 90 days: CRCLON outperformed SPCXB by 10.8% — measured on the SPCXB/CRCLON ratio, so it holds regardless of market direction.

SpaceX (bStocks Tokenized Stock) →Circle Internet Group (Ondo Tokenized Stock) →