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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 79701.0× the size of STMicroelectronics (Ondo Tokenized) (STMON) by market capitalisation. Their daily returns move barely together (correlation 0.29 across 27 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against STMON's 47%.

Correlation: 0.29
Size ratio: 1 : 79701.0

STMicroelectronics (Ondo Tokenized)STMON

$45.0500

24h: -5.39%
Market cap: $2,453
Volume 24h: $57
Volatility (ann.): 47%

SpaceX (bStocks Tokenized Stock)SPCXB

$131.9200

24h: -1.07%
Market cap: $195.52M
Volume 24h: $44.00M
Volatility (ann.): 71%

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

Performance

STMONSPCXB

7 days+9.87%-6.33%STMON
30 days+10.94%-21.79%STMON
90 days—+17.70%—

Correlation

0.29over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2990d: 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	STMON	SPCXB
Max drawdown (400d)	-8.6%	-47.5%
Risk-adjusted return (90d)	0.23	0.28

Relative strength over 90 days: SPCXB outperformed STMON by 1.4% — measured on the STMON/SPCXB ratio, so it holds regardless of market direction.

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