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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 16.2× the size of SpaceX (Ondo Tokenized Stock) (SPCXON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 32.5 percentage points (SPCXON -4.3% against SPCXB +28.2%). Their daily returns move very closely together (correlation 0.99 across 118 shared trading days). Both have run at a similar volatility, around 74% annualised.

Correlation: 0.99
Size ratio: 1 : 16.2
Ahead over 90 days: SPCXB

SpaceX (Ondo Tokenized Stock)SPCXON

$136.2400

24h: -0.99%
Market cap: $12.09M
Volume 24h: $1.74M
Volatility (ann.): 77%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.5500

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

SPCXON 5.8%Share of the two combined market caps94.2% SPCXB

Performance

SPCXONSPCXB

7 days-6.40%-5.60%SPCXB
30 days-8.75%-11.42%SPCXON
90 days-4.32%+28.18%SPCXB

Correlation

0.99over 118 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.9390d: 0.991y: 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	SPCXON	SPCXB
Max drawdown (400d)	-47.6%	-47.5%
Risk-adjusted return (90d)	-0.07	0.45

Relative strength over 90 days: SPCXB outperformed SPCXON by 0.9% — measured on the SPCXON/SPCXB ratio, so it holds regardless of market direction.

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