Boeing • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 1272.3× the size of Boeing • Robinhood Token (BA) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.00 across 39 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against BA's 49%.

Correlation: -0.00
Size ratio: 1 : 1272.3

Boeing • Robinhood TokenBA

$176.5000

24h: +1.96%
Market cap: $154,347
Volume 24h: $10,615
Volatility (ann.): 49%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.1500

24h: -1.33%
Market cap: $196.38M
Volume 24h: $57.23M
Volatility (ann.): 71%

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

Performance

BASPCXB

7 days+6.35%-6.33%BA
30 days-15.08%-21.79%BA
90 days—+17.70%—

Correlation

-0.00over 39 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0190d: 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	BA	SPCXB
Max drawdown (400d)	-22.3%	-47.5%
Risk-adjusted return (90d)	-0.33	0.28

Relative strength over 90 days: SPCXB outperformed BA by 11.8% — measured on the BA/SPCXB ratio, so it holds regardless of market direction.

Boeing • Robinhood Token →SpaceX (bStocks Tokenized Stock) →