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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 19260.3× the size of Verizon (Ondo Tokenized) (VZON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.10 across 30 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against VZON's 24%.

Correlation: -0.10
Size ratio: 1 : 19260.3

Verizon (Ondo Tokenized)VZON

$48.5800

24h: +2.74%
Market cap: $10,168
Volume 24h: $40
Volatility (ann.): 24%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.5200

24h: -8.86%
Market cap: $195.83M
Volume 24h: $54.37M
Volatility (ann.): 71%

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

Performance

VZONSPCXB

7 days-1.82%-6.33%VZON
30 days-8.56%-21.79%VZON
90 days—+17.70%—

Correlation

-0.10over 30 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	VZON	SPCXB
Max drawdown (400d)	-11.8%	-47.5%
Risk-adjusted return (90d)	-0.36	0.28

Relative strength over 90 days: SPCXB outperformed VZON by 18.8% — measured on the VZON/SPCXB ratio, so it holds regardless of market direction.

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