Applied Materials (bStocks Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 82.2× the size of Applied Materials (bStocks Tokenized Stock) (AMATB) by market capitalisation. Over the past 90 days, SPCXB is ahead by 56.5 percentage points (AMATB -28.3% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.30 across 98 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against AMATB's 58%.

Correlation: 0.30
Size ratio: 1 : 82.2
Ahead over 90 days: SPCXB

Applied Materials (bStocks Tokenized Stock)AMATB

$373.7600

24h: -0.45%
Market cap: $2.38M
Volume 24h: $123,962
Volatility (ann.): 58%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.5500

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

AMATB 1.2%Share of the two combined market caps98.8% SPCXB

Performance

AMATBSPCXB

7 days-3.87%-5.60%AMATB
30 days-29.37%-11.42%SPCXB
90 days-28.33%+28.18%SPCXB

Correlation

0.30over 98 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4890d: 0.361y: 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	AMATB	SPCXB
Max drawdown (400d)	-32.0%	-47.5%
Risk-adjusted return (90d)	-0.57	0.45

Relative strength over 90 days: SPCXB outperformed AMATB by 44.1% — measured on the AMATB/SPCXB ratio, so it holds regardless of market direction.

Applied Materials (bStocks Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →