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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 550.0× the size of Alphabet (Dinari Tokenized Stock) (GOOGL) by market capitalisation. Their daily returns move loosely together (correlation 0.46 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against GOOGL's 28%.

Correlation: 0.46
Size ratio: 1 : 550.0

Alphabet (Dinari Tokenized Stock)GOOGL

$287.9900

24h: +4.19%
Market cap: $357,026
Volume 24h: $7,619
Volatility (ann.): 28%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.1500

24h: -1.33%
Market cap: $196.38M
Volume 24h: $57.23M
Volatility (ann.): 71%

GOOGL 0.2%Share of the two combined market caps99.8% SPCXB

Performance

GOOGLSPCXB

7 days-0.19%-6.33%GOOGL
30 days+1.34%-21.79%GOOGL
90 days—+17.70%—

Correlation

0.46over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4690d: 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	GOOGL	SPCXB
Max drawdown (400d)	-4.8%	-47.5%
Risk-adjusted return (90d)	0.05	0.28

Relative strength over 90 days: SPCXB outperformed GOOGL by 4.4% — measured on the GOOGL/SPCXB ratio, so it holds regardless of market direction.

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