Super Micro Computer (Ondo Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 113.5× the size of Super Micro Computer (Ondo Tokenized Stock) (SMCION) by market capitalisation. Over the past 90 days, SMCION is ahead by 16.2 percentage points (SMCION +44.4% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.13 across 109 shared trading days). SMCION has been the more volatile of the two, at 98% annualised against SPCXB's 71%.

Correlation: 0.13
Size ratio: 1 : 113.5
Ahead over 90 days: SMCION

Super Micro Computer (Ondo Tokenized Stock)SMCION

$33.1500

24h: +6.78%
Market cap: $1.75M
Volume 24h: $616,448
Volatility (ann.): 98%

SpaceX (bStocks Tokenized Stock)SPCXB

$134.5700

24h: -4.79%
Market cap: $198.18M
Volume 24h: $69.59M
Volatility (ann.): 71%

SMCION 0.9%Share of the two combined market caps99.1% SPCXB

Performance

SMCIONSPCXB

7 days+2.56%-5.60%SMCION
30 days+14.32%-11.42%SMCION
90 days+44.35%+28.18%SMCION

Correlation

0.13over 109 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5290d: 0.361y: 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	SMCION	SPCXB
Max drawdown (400d)	-51.3%	-47.5%
Risk-adjusted return (90d)	0.49	0.45

Relative strength over 90 days: SMCION outperformed SPCXB by 70.1% — measured on the SMCION/SPCXB ratio, so it holds regardless of market direction.

Super Micro Computer (Ondo Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →