Vertex Pharmaceuticals (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 18428.2× the size of Vertex Pharmaceuticals (Ondo Tokenized) (VRTXON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.05 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against VRTXON's 42%.

Correlation: -0.05
Size ratio: 1 : 18428.2

Vertex Pharmaceuticals (Ondo Tokenized)VRTXON

$548.9800

24h: +4.19%
Market cap: $10,091
Volume 24h: $57
Volatility (ann.): 42%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.9000

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

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

Performance

VRTXONSPCXB

7 days+1.62%-6.33%VRTXON
30 days+4.65%-21.79%VRTXON
90 days—+17.70%—

Correlation

-0.05over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0590d: 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	VRTXON	SPCXB
Max drawdown (400d)	-5.8%	-47.5%
Risk-adjusted return (90d)	0.11	0.28

Relative strength over 90 days: VRTXON outperformed SPCXB by 30.9% — measured on the VRTXON/SPCXB ratio, so it holds regardless of market direction.

Vertex Pharmaceuticals (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →