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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 153.0× the size of UnitedHealth (Ondo Tokenized Stock) (UNHON) by market capitalisation. Their daily returns move barely together (correlation 0.06 across 110 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against UNHON's 35%.

Correlation: 0.06
Size ratio: 1 : 153.0

UnitedHealth (Ondo Tokenized Stock)UNHON

$410.2800

24h: +1.81%
Market cap: $1.29M
Volume 24h: $577,913
Volatility (ann.): 35%

SpaceX (bStocks Tokenized Stock)SPCXB

$135.2300

24h: -4.48%
Market cap: $197.62M
Volume 24h: $70.19M
Volatility (ann.): 71%

UNHON 0.6%Share of the two combined market caps99.4% SPCXB

Performance

UNHONSPCXB

7 days+1.48%-5.60%UNHON
30 days-3.46%-11.42%UNHON
90 days-10.86%+28.18%SPCXB
1 year+10.61%——

Correlation

0.06over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1490d: 0.171y: 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	UNHON	SPCXB
Max drawdown (400d)	-29.9%	-47.5%
Risk-adjusted return (90d)	-0.50	0.45

Relative strength over 90 days: SPCXB outperformed UNHON by 5.8% — measured on the UNHON/SPCXB ratio, so it holds regardless of market direction.

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