VinFast Auto (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 8423.8× the size of VinFast Auto (Ondo Tokenized) (VFSON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.17 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against VFSON's 48%.

Correlation: -0.17
Size ratio: 1 : 8423.8

VinFast Auto (Ondo Tokenized)VFSON

$3.3200

24h: +3.85%
Market cap: $21,856
Volume 24h: $873
Volatility (ann.): 48%

SpaceX (bStocks Tokenized Stock)SPCXB

$122.5500

24h: -9.90%
Market cap: $184.11M
Volume 24h: $38.58M
Volatility (ann.): 71%

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

Performance

VFSONSPCXB

7 days-6.25%-6.33%VFSON
30 days-15.68%-21.79%VFSON
90 days—+17.70%—

Correlation

-0.17over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1790d: 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	VFSON	SPCXB
Max drawdown (400d)	-16.3%	-47.5%
Risk-adjusted return (90d)	-0.33	0.28

Relative strength over 90 days: SPCXB outperformed VFSON by 17.8% — measured on the VFSON/SPCXB ratio, so it holds regardless of market direction.

VinFast Auto (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →