Wells Fargo (Ondo Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 147.9× the size of Wells Fargo (Ondo Tokenized Stock) (WFCON) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.51 across 30 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against WFCON's 35%.

Correlation: -0.51
Size ratio: 1 : 147.9

Wells Fargo (Ondo Tokenized Stock)WFCON

$86.8400

24h: -1.13%
Market cap: $1.31M
Volume 24h: $5
Volatility (ann.): 35%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.6000

24h: -4.38%
Market cap: $193.24M
Volume 24h: $53.14M
Volatility (ann.): 71%

WFCON 0.7%Share of the two combined market caps99.3% SPCXB

Performance

WFCONSPCXB

7 days+3.87%-5.60%WFCON
30 days-1.66%-11.42%WFCON
90 days—+28.18%—

Correlation

-0.51over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.5190d: 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	WFCON	SPCXB
Max drawdown (400d)	-10.8%	-47.5%
Risk-adjusted return (90d)	-0.05	0.45

Relative strength over 90 days: WFCON outperformed SPCXB by 3.5% — measured on the WFCON/SPCXB ratio, so it holds regardless of market direction.

Wells Fargo (Ondo Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →