AST SpaceMobile • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 8105.5× the size of AST SpaceMobile • Robinhood Token (ASTS) by market capitalisation. Their daily returns move barely together (correlation 0.27 across 30 shared trading days). ASTS has been the more volatile of the two, at 97% annualised against SPCXB's 71%.

Correlation: 0.27
Size ratio: 1 : 8105.5

AST SpaceMobile • Robinhood TokenASTS

$37.0300

24h: -2.89%
Market cap: $24,527
Volume 24h: $1,003
Volatility (ann.): 97%

SpaceX (bStocks Tokenized Stock)SPCXB

$126.7200

24h: -5.74%
Market cap: $198.80M
Volume 24h: $51.96M
Volatility (ann.): 71%

ASTS 0.0%Share of the two combined market caps100.0% SPCXB

Performance

ASTSSPCXB

7 days-9.91%-6.33%SPCXB
30 days-35.64%-21.79%SPCXB
90 days—+17.70%—

Correlation

0.27over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2790d: 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	ASTS	SPCXB
Max drawdown (400d)	-39.5%	-47.5%
Risk-adjusted return (90d)	-0.37	0.28

Relative strength over 90 days: SPCXB outperformed ASTS by 28.8% — measured on the ASTS/SPCXB ratio, so it holds regardless of market direction.

AST SpaceMobile • Robinhood Token →SpaceX (bStocks Tokenized Stock) →