Alibaba (bStocks Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 46.8× the size of Alibaba (bStocks Tokenized Stock) (BABAB) by market capitalisation. Over the past 90 days, SPCXB is ahead by 49.9 percentage points (BABAB -21.7% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.10 across 112 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against BABAB's 37%.

Correlation: 0.10
Size ratio: 1 : 46.8
Ahead over 90 days: SPCXB

Alibaba (bStocks Tokenized Stock)BABAB

$105.3000

24h: +0.29%
Market cap: $4.18M
Volume 24h: $1.21M
Volatility (ann.): 37%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.8600

24h: -3.48%
Market cap: $195.62M
Volume 24h: $53.04M
Volatility (ann.): 71%

BABAB 2.1%Share of the two combined market caps97.9% SPCXB

Performance

BABABSPCXB

7 days+0.21%-5.60%BABAB
30 days-5.48%-11.42%BABAB
90 days-21.70%+28.18%SPCXB

Correlation

0.10over 112 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3990d: 0.081y: 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	BABAB	SPCXB
Max drawdown (400d)	-25.9%	-47.5%
Risk-adjusted return (90d)	-0.59	0.45

Relative strength over 90 days: SPCXB outperformed BABAB by 38.9% — measured on the BABAB/SPCXB ratio, so it holds regardless of market direction.

Alibaba (bStocks Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →