ASML Holding NV • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 1467.3× the size of ASML Holding NV • Robinhood Token (ASML) by market capitalisation. Their daily returns move barely together (correlation 0.34 across 39 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against ASML's 53%.

Correlation: 0.34
Size ratio: 1 : 1467.3

ASML Holding NV • Robinhood TokenASML

$1,472.32

24h: -3.27%
Market cap: $135,903
Volume 24h: $16,033
Volatility (ann.): 53%

SpaceX (bStocks Tokenized Stock)SPCXB

$134.7600

24h: -0.01%
Market cap: $199.41M
Volume 24h: $52.76M
Volatility (ann.): 71%

ASML 0.1%Share of the two combined market caps99.9% SPCXB

Performance

ASMLSPCXB

7 days-9.50%-6.33%SPCXB
30 days-12.74%-21.79%ASML
90 days—+17.70%—

Correlation

0.34over 39 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4590d: 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	ASML	SPCXB
Max drawdown (400d)	-18.1%	-47.5%
Risk-adjusted return (90d)	-0.18	0.28

Relative strength over 90 days: SPCXB outperformed ASML by 4.6% — measured on the ASML/SPCXB ratio, so it holds regardless of market direction.

ASML Holding NV • Robinhood Token →SpaceX (bStocks Tokenized Stock) →