Broadcom (bStocks Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 29.9× the size of Broadcom (bStocks Tokenized Stock) (AVGOB) by market capitalisation. Over the past 90 days, SPCXB is ahead by 48.6 percentage points (AVGOB -20.4% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.28 across 112 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against AVGOB's 38%.

Correlation: 0.28
Size ratio: 1 : 29.9
Ahead over 90 days: SPCXB

Broadcom (bStocks Tokenized Stock)AVGOB

$333.7700

24h: -0.23%
Market cap: $6.64M
Volume 24h: $3.49M
Volatility (ann.): 38%

SpaceX (bStocks Tokenized Stock)SPCXB

$135.5800

24h: -0.83%
Market cap: $198.53M
Volume 24h: $45.25M
Volatility (ann.): 71%

AVGOB 3.2%Share of the two combined market caps96.8% SPCXB

Performance

AVGOBSPCXB

7 days-2.52%-5.60%AVGOB
30 days-6.69%-11.42%AVGOB
90 days-20.41%+28.18%SPCXB

Correlation

0.28over 112 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5290d: 0.381y: 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	AVGOB	SPCXB
Max drawdown (400d)	-24.7%	-47.5%
Risk-adjusted return (90d)	-0.59	0.45

Relative strength over 90 days: SPCXB outperformed AVGOB by 37.9% — measured on the AVGOB/SPCXB ratio, so it holds regardless of market direction.

Broadcom (bStocks Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →