Coherent (bStocks Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 54.9× the size of Coherent (bStocks Tokenized Stock) (COHRB) by market capitalisation. Over the past 90 days, SPCXB is ahead by 62.5 percentage points (COHRB -34.3% against SPCXB +28.2%). Their daily returns move loosely together (correlation 0.45 across 91 shared trading days). COHRB has been the more volatile of the two, at 96% annualised against SPCXB's 71%.

Correlation: 0.45
Size ratio: 1 : 54.9
Ahead over 90 days: SPCXB

Coherent (bStocks Tokenized Stock)COHRB

$192.1700

24h: -0.22%
Market cap: $3.61M
Volume 24h: $426,701
Volatility (ann.): 96%

SpaceX (bStocks Tokenized Stock)SPCXB

$134.0400

24h: -5.02%
Market cap: $198.24M
Volume 24h: $69.93M
Volatility (ann.): 71%

COHRB 1.8%Share of the two combined market caps98.2% SPCXB

Performance

COHRBSPCXB

7 days-10.16%-5.60%SPCXB
30 days-37.29%-11.42%SPCXB
90 days-34.33%+28.18%SPCXB

Correlation

0.45over 91 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4790d: 0.451y: 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	COHRB	SPCXB
Max drawdown (400d)	-47.9%	-47.5%
Risk-adjusted return (90d)	-0.36	0.45

Relative strength over 90 days: SPCXB outperformed COHRB by 48.8% — measured on the COHRB/SPCXB ratio, so it holds regardless of market direction.

Coherent (bStocks Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →