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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 484.3× the size of Vistra (Ondo Tokenized) (VSTON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 22.8 percentage points (VSTON -5.1% against SPCXB +17.7%). Their daily returns move barely together (correlation 0.18 across 110 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against VSTON's 44%.

Correlation: 0.18
Size ratio: 1 : 484.3
Ahead over 90 days: SPCXB

Vistra (Ondo Tokenized)VSTON

$119.9000

24h: -14.39%
Market cap: $408,478
Volume 24h: $156,347
Volatility (ann.): 44%

SpaceX (bStocks Tokenized Stock)SPCXB

$134.0800

24h: +1.07%
Market cap: $197.81M
Volume 24h: $61.00M
Volatility (ann.): 71%

VSTON 0.2%Share of the two combined market caps99.8% SPCXB

Performance

VSTONSPCXB

7 days+2.12%-6.33%VSTON
30 days+4.69%-21.79%VSTON
90 days-5.07%+17.70%SPCXB

Correlation

0.18over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1690d: 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	VSTON	SPCXB
Max drawdown (400d)	-18.8%	-47.5%
Risk-adjusted return (90d)	-0.12	0.28

Relative strength over 90 days: VSTON outperformed SPCXB by 0.4% — measured on the VSTON/SPCXB ratio, so it holds regardless of market direction.

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