AeroVironment, Inc. • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 70035.4× the size of AeroVironment, Inc. • Robinhood Token (AVAV) by market capitalisation. Their daily returns move barely together (correlation 0.13 across 21 shared trading days). SPCXB has been the more volatile of the two, at 73% annualised against AVAV's 55%.

Correlation: 0.13
Size ratio: 1 : 70035.4

AeroVironment, Inc. • Robinhood TokenAVAV

$102.2200

24h: —
Market cap: $2,840
Volume 24h: $48
Volatility (ann.): 55%

SpaceX (bStocks Tokenized Stock)SPCXB

$126.9600

24h: -5.29%
Market cap: $198.92M
Volume 24h: $64.03M
Volatility (ann.): 73%

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

Performance

AVAVSPCXB

7 days-7.65%-12.85%AVAV
30 days—-27.86%—
90 days—-8.57%—

Correlation

0.13over 21 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	AVAV	SPCXB
Max drawdown (400d)	-22.6%	-47.5%
Risk-adjusted return (90d)	-0.41	-0.15

Relative strength over 90 days: SPCXB outperformed AVAV by 6.0% — measured on the AVAV/SPCXB ratio, so it holds regardless of market direction.

AeroVironment, Inc. • Robinhood Token →SpaceX (bStocks Tokenized Stock) →