Western Digital (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 711.1× the size of Western Digital (Ondo Tokenized) (WDCON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 47.5 percentage points (WDCON -29.8% against SPCXB +17.7%). Their daily returns move barely together (correlation 0.28 across 109 shared trading days). WDCON has been the more volatile of the two, at 93% annualised against SPCXB's 71%.

Correlation: 0.28
Size ratio: 1 : 711.1
Ahead over 90 days: SPCXB

Western Digital (Ondo Tokenized)WDCON

$338.4500

24h: -1.05%
Market cap: $276,190
Volume 24h: $453,217
Volatility (ann.): 93%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.5500

24h: -1.47%
Market cap: $196.41M
Volume 24h: $66.66M
Volatility (ann.): 71%

WDCON 0.1%Share of the two combined market caps99.9% SPCXB

Performance

WDCONSPCXB

7 days-0.19%-6.33%WDCON
30 days-3.47%-21.79%WDCON
90 days-29.83%+17.70%SPCXB

Correlation

0.28over 109 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0190d: 0.191y: 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	WDCON	SPCXB
Max drawdown (400d)	-47.2%	-47.5%
Risk-adjusted return (90d)	-0.31	0.28

Relative strength over 90 days: SPCXB outperformed WDCON by 17.3% — measured on the WDCON/SPCXB ratio, so it holds regardless of market direction.

Western Digital (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →