AXT (bStocks Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 53.0× the size of AXT (bStocks Tokenized Stock) (AXTIB) by market capitalisation. Over the past 90 days, SPCXB is ahead by 52.0 percentage points (AXTIB -23.8% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.35 across 105 shared trading days). AXTIB has been the more volatile of the two, at 167% annualised against SPCXB's 71%.

Correlation: 0.35
Size ratio: 1 : 53.0
Ahead over 90 days: SPCXB

AXT (bStocks Tokenized Stock)AXTIB

$49.7000

24h: -1.27%
Market cap: $3.69M
Volume 24h: $577,442
Volatility (ann.): 167%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.5500

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

AXTIB 1.9%Share of the two combined market caps98.1% SPCXB

Performance

AXTIBSPCXB

7 days-10.33%-5.60%SPCXB
30 days-39.46%-11.42%SPCXB
90 days-23.82%+28.18%SPCXB

Correlation

0.35over 105 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4390d: 0.481y: 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	AXTIB	SPCXB
Max drawdown (400d)	-48.8%	-47.5%
Risk-adjusted return (90d)	-0.18	0.45

Relative strength over 90 days: SPCXB outperformed AXTIB by 40.6% — measured on the AXTIB/SPCXB ratio, so it holds regardless of market direction.

AXT (bStocks Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →