Astera Labs (bStocks Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 254.4× the size of Astera Labs (bStocks Tokenized Stock) (ALABB) by market capitalisation. Over the past 90 days, SPCXB is ahead by 56.1 percentage points (ALABB -28.0% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.32 across 91 shared trading days). Both have run at a similar volatility, around 76% annualised.

Correlation: 0.32
Size ratio: 1 : 254.4
Ahead over 90 days: SPCXB

Astera Labs (bStocks Tokenized Stock)ALABB

$212.2400

24h: -0.67%
Market cap: $801,170
Volume 24h: $118,282
Volatility (ann.): 80%

SpaceX (bStocks Tokenized Stock)SPCXB

$137.0000

24h: -2.49%
Market cap: $203.83M
Volume 24h: $68.28M
Volatility (ann.): 71%

ALABB 0.4%Share of the two combined market caps99.6% SPCXB

Performance

ALABBSPCXB

7 days-20.54%-5.60%SPCXB
30 days-35.33%-11.42%SPCXB
90 days-27.96%+28.18%SPCXB

Correlation

0.32over 91 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4990d: 0.321y: 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	ALABB	SPCXB
Max drawdown (400d)	-41.4%	-47.5%
Risk-adjusted return (90d)	-0.35	0.45

Relative strength over 90 days: SPCXB outperformed ALABB by 43.8% — measured on the ALABB/SPCXB ratio, so it holds regardless of market direction.

Astera Labs (bStocks Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →