SpaceX (bStocks Tokenized Stock) (SPCXB) is 32234.9× the size of WhiteFiber (Ondo Tokenized) (WYFION) by market capitalisation. Their daily returns move barely together (correlation 0.14 across 25 shared trading days). WYFION has been the more volatile of the two, at 109% annualised against SPCXB's 73%.
$127.4900
WYFIONSPCXB
0.14over 25 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 | WYFION | SPCXB |
|---|---|---|
| Max drawdown (400d) | -48.6% | -47.5% |
| Risk-adjusted return (90d) | -0.33 | -0.15 |
Relative strength over 90 days: SPCXB outperformed WYFION by 31.8% — measured on the WYFION/SPCXB ratio, so it holds regardless of market direction.