Amazon (bStocks Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 115.9× the size of Amazon (bStocks Tokenized Stock) (AMZNB) by market capitalisation. Over the past 90 days, SPCXB is ahead by 36.7 percentage points (AMZNB -8.5% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.13 across 98 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against AMZNB's 44%.

Correlation: 0.13
Size ratio: 1 : 115.9
Ahead over 90 days: SPCXB

Amazon (bStocks Tokenized Stock)AMZNB

$252.9300

24h: +0.06%
Market cap: $1.71M
Volume 24h: $477,129
Volatility (ann.): 44%

SpaceX (bStocks Tokenized Stock)SPCXB

$135.5800

24h: -0.83%
Market cap: $198.53M
Volume 24h: $45.25M
Volatility (ann.): 71%

AMZNB 0.9%Share of the two combined market caps99.1% SPCXB

Performance

AMZNBSPCXB

7 days-1.59%-5.60%AMZNB
30 days-0.99%-11.42%AMZNB
90 days-8.51%+28.18%SPCXB

Correlation

0.13over 98 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2390d: 0.181y: 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	AMZNB	SPCXB
Max drawdown (400d)	-19.2%	-47.5%
Risk-adjusted return (90d)	-0.23	0.45

Relative strength over 90 days: SPCXB outperformed AMZNB by 28.6% — measured on the AMZNB/SPCXB ratio, so it holds regardless of market direction.

Amazon (bStocks Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →