Alphabet (bStocks Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 1.5× the size of Alphabet (bStocks Tokenized Stock) (GOOGLB) by market capitalisation. Over the past 90 days, SPCXB is ahead by 51.6 percentage points (GOOGLB -23.4% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.26 across 120 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against GOOGLB's 35%.

Correlation: 0.26
Size ratio: 1 : 1.5
Ahead over 90 days: SPCXB

Alphabet (bStocks Tokenized Stock)GOOGLB

$292.7600

24h: +4.67%
Market cap: $132.49M
Volume 24h: $29.34M
Volatility (ann.): 35%

SpaceX (bStocks Tokenized Stock)SPCXB

$136.7300

24h: -2.42%
Market cap: $201.09M
Volume 24h: $62.91M
Volatility (ann.): 71%

GOOGLB 39.7%Share of the two combined market caps60.3% SPCXB

Performance

GOOGLBSPCXB

7 days-13.63%-5.60%SPCXB
30 days-18.80%-11.42%SPCXB
90 days-23.41%+28.18%SPCXB

Correlation

0.26over 120 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3890d: 0.231y: 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	GOOGLB	SPCXB
Max drawdown (400d)	-26.3%	-47.5%
Risk-adjusted return (90d)	-0.77	0.45

Relative strength over 90 days: SPCXB outperformed GOOGLB by 40.3% — measured on the GOOGLB/SPCXB ratio, so it holds regardless of market direction.

Alphabet (bStocks Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →