Bloom Energy • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 242.1× the size of Bloom Energy • Robinhood Token (BE) by market capitalisation. Their daily returns move loosely together (correlation 0.46 across 39 shared trading days). BE has been the more volatile of the two, at 119% annualised against SPCXB's 71%.

Correlation: 0.46
Size ratio: 1 : 242.1

Bloom Energy • Robinhood TokenBE

$210.3200

24h: +3.41%
Market cap: $798,058
Volume 24h: $410,128
Volatility (ann.): 119%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.6000

24h: -4.38%
Market cap: $193.24M
Volume 24h: $53.14M
Volatility (ann.): 71%

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

Performance

BESPCXB

7 days-2.11%-5.60%BE
30 days-22.77%-11.42%SPCXB
90 days—+28.18%—

Correlation

0.46over 39 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4490d: 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	BE	SPCXB
Max drawdown (400d)	-33.5%	-47.5%
Risk-adjusted return (90d)	0.04	0.45

Relative strength over 90 days: BE outperformed SPCXB by 6.7% — measured on the BE/SPCXB ratio, so it holds regardless of market direction.

Bloom Energy • Robinhood Token →SpaceX (bStocks Tokenized Stock) →