T-Mobile US (Ondo Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 9659.2× the size of T-Mobile US (Ondo Tokenized Stock) (TMUSON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.10 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against TMUSON's 58%.

Correlation: -0.10
Size ratio: 1 : 9659.2

T-Mobile US (Ondo Tokenized Stock)TMUSON

$160.1300

24h: +3.19%
Market cap: $19,253
Volume 24h: $22
Volatility (ann.): 58%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.5800

24h: -9.98%
Market cap: $185.96M
Volume 24h: $47.36M
Volatility (ann.): 71%

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

Performance

TMUSONSPCXB

7 days-5.99%-6.33%TMUSON
30 days-8.98%-21.79%TMUSON
90 days—+17.70%—

Correlation

-0.10over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1090d: 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	TMUSON	SPCXB
Max drawdown (400d)	-13.1%	-47.5%
Risk-adjusted return (90d)	-0.16	0.28

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

T-Mobile US (Ondo Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →