Thermo Fisher Scientific (Ondo Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 71189.2× the size of Thermo Fisher Scientific (Ondo Tokenized Stock) (TMOON) by market capitalisation. Their daily returns move barely together (correlation 0.18 across 29 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against TMOON's 32%.

Correlation: 0.18
Size ratio: 1 : 71189.2

Thermo Fisher Scientific (Ondo Tokenized Stock)TMOON

$710.9400

24h: +2.03%
Market cap: $2,760
Volume 24h: $5
Volatility (ann.): 32%

SpaceX (bStocks Tokenized Stock)SPCXB

$125.5400

24h: -6.81%
Market cap: $196.45M
Volume 24h: $50.28M
Volatility (ann.): 71%

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

Performance

TMOONSPCXB

7 days-4.37%-6.33%TMOON
30 days+7.61%-21.79%TMOON
90 days—+17.70%—

Correlation

0.18over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1890d: 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	TMOON	SPCXB
Max drawdown (400d)	-4.7%	-47.5%
Risk-adjusted return (90d)	0.24	0.28

Relative strength over 90 days: TMOON outperformed SPCXB by 0.0% — measured on the TMOON/SPCXB ratio, so it holds regardless of market direction.

Thermo Fisher Scientific (Ondo Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →