Clover Health Investments, Corp. • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 18385.0× the size of Clover Health Investments, Corp. • Robinhood Token (CLOV) by market capitalisation. Their daily returns move barely together (correlation 0.12 across 33 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against CLOV's 53%.

Correlation: 0.12
Size ratio: 1 : 18385.0

Clover Health Investments, Corp. • Robinhood TokenCLOV

$4.7300

24h: +8.11%
Market cap: $10,115
Volume 24h: $1,034
Volatility (ann.): 53%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.9000

24h: -9.98%
Market cap: $185.96M
Volume 24h: $47.36M
Volatility (ann.): 71%

CLOV 0.0%Share of the two combined market caps100.0% SPCXB

Performance

CLOVSPCXB

7 days-1.09%-6.33%CLOV
30 days+4.38%-21.79%CLOV
90 days—+17.70%—

Correlation

0.12over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1490d: 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	CLOV	SPCXB
Max drawdown (400d)	-13.2%	-47.5%
Risk-adjusted return (90d)	0.07	0.28

Relative strength over 90 days: CLOV outperformed SPCXB by 14.9% — measured on the CLOV/SPCXB ratio, so it holds regardless of market direction.

Clover Health Investments, Corp. • Robinhood Token →SpaceX (bStocks Tokenized Stock) →