Apple (bStocks Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 26.1× the size of Apple (bStocks Tokenized Stock) (AAPLB) by market capitalisation. Over the past 90 days, SPCXB is ahead by 22.4 percentage points (AAPLB +5.8% against SPCXB +28.2%). Their daily returns move barely in opposite directions (correlation -0.06 across 98 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against AAPLB's 27%.

Correlation: -0.06
Size ratio: 1 : 26.1
Ahead over 90 days: SPCXB

Apple (bStocks Tokenized Stock)AAPLB

$340.8300

24h: +0.03%
Market cap: $7.48M
Volume 24h: $751,159
Volatility (ann.): 27%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.5500

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

AAPLB 3.7%Share of the two combined market caps96.3% SPCXB

Performance

AAPLBSPCXB

7 days-4.84%-5.60%AAPLB
30 days-0.78%-11.42%AAPLB
90 days+5.80%+28.18%SPCXB

Correlation

-0.06over 98 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2590d: -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	AAPLB	SPCXB
Max drawdown (400d)	-11.4%	-47.5%
Risk-adjusted return (90d)	0.28	0.45

Relative strength over 90 days: SPCXB outperformed AAPLB by 17.5% — measured on the AAPLB/SPCXB ratio, so it holds regardless of market direction.

Apple (bStocks Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →