SpaceX (bStocks Tokenized Stock) (SPCXB) is 5582.7× the size of Vicor (Ondo Tokenized) (VICRON) by market capitalisation. Their daily returns move closely together (correlation 0.65 across 27 shared trading days). VICRON has been the more volatile of the two, at 202% annualised against SPCXB's 71%.
$159.3400
$122.7400
VICRONSPCXB
0.65over 27 shared trading days
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.
| Metric | VICRON | SPCXB |
|---|---|---|
| Max drawdown (400d) | -42.0% | -47.5% |
| Risk-adjusted return (90d) | 0.01 | 0.28 |
Relative strength over 90 days: VICRON outperformed SPCXB by 7.7% — measured on the VICRON/SPCXB ratio, so it holds regardless of market direction.