Advanced Micro Devices aStock vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 301816.4× the size of Advanced Micro Devices aStock (AAMD) by market capitalisation. Their daily returns move loosely together (correlation 0.50 across 31 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against AAMD's 54%.

Correlation: 0.50
Size ratio: 1 : 301816.4

Advanced Micro Devices aStockAAMD

$506.3100

24h: +6.20%
Market cap: $667
Volume 24h: —
Volatility (ann.): 54%

SpaceX (bStocks Tokenized Stock)SPCXB

$134.1600

24h: -2.63%
Market cap: $201.32M
Volume 24h: $67.36M
Volatility (ann.): 71%

AAMD 0.0%Share of the two combined market caps100.0% SPCXB

Performance

AAMDSPCXB

7 days-1.15%-6.33%AAMD
30 days-15.41%-21.79%AAMD
90 days—+17.70%—

Correlation

0.50over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5090d: 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	AAMD	SPCXB
Max drawdown (400d)	-22.5%	-47.5%
Risk-adjusted return (90d)	-0.29	0.28

Relative strength over 90 days: SPCXB outperformed AAMD by 15.4% — measured on the AAMD/SPCXB ratio, so it holds regardless of market direction.

Advanced Micro Devices aStock →SpaceX (bStocks Tokenized Stock) →