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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 94.3× the size of Starbucks (Ondo Tokenized Stock) (SBUXON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.02 across 110 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against SBUXON's 27%.

Correlation: -0.02
Size ratio: 1 : 94.3

Starbucks (Ondo Tokenized Stock)SBUXON

$104.4400

24h: -0.06%
Market cap: $2.07M
Volume 24h: $139,359
Volatility (ann.): 27%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.8600

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

SBUXON 1.0%Share of the two combined market caps99.0% SPCXB

Performance

SBUXONSPCXB

7 days-0.12%-5.60%SBUXON
30 days-12.02%-11.42%SPCXB
90 days-7.33%+28.18%SPCXB
1 year+16.63%——

Correlation

-0.02over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1290d: 0.041y: 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	SBUXON	SPCXB
Max drawdown (400d)	-14.7%	-47.5%
Risk-adjusted return (90d)	-0.28	0.45

Relative strength over 90 days: SPCXB outperformed SBUXON by 2.1% — measured on the SBUXON/SPCXB ratio, so it holds regardless of market direction.

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