SpaceX (bStocks Tokenized Stock) (SPCXB) is 1117.6× the size of Abbott xStock (ABTX) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.11 across 117 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against ABTX's 40%.
$132.3800
ABTXSPCXB
-0.11over 117 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 | ABTX | SPCXB |
|---|---|---|
| Max drawdown (400d) | -38.4% | -47.5% |
| Risk-adjusted return (90d) | 0.40 | 0.28 |
| Best 30 days (past year) | +26.0% | — |
| Worst 30 days (past year) | -19.1% | — |
Relative strength over 90 days: ABTX outperformed SPCXB by 25.4% — measured on the ABTX/SPCXB ratio, so it holds regardless of market direction.