Coinbase (bStocks Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 12.1× the size of Coinbase (bStocks Tokenized Stock) (COINB) by market capitalisation. Over the past 90 days, SPCXB is ahead by 31.4 percentage points (COINB -3.2% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.29 across 120 shared trading days). Both have run at a similar volatility, around 71% annualised.

Correlation: 0.29
Size ratio: 1 : 12.1
Ahead over 90 days: SPCXB

Coinbase (bStocks Tokenized Stock)COINB

$143.6100

24h: +0.20%
Market cap: $16.13M
Volume 24h: $551,715
Volatility (ann.): 70%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.5500

24h: -3.48%
Market cap: $195.62M
Volume 24h: $53.04M
Volatility (ann.): 71%

COINB 7.6%Share of the two combined market caps92.4% SPCXB

Performance

COINBSPCXB

7 days-8.58%-5.60%SPCXB
30 days-22.31%-11.42%SPCXB
90 days-3.24%+28.18%SPCXB

Correlation

0.29over 120 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3490d: 0.221y: 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	COINB	SPCXB
Max drawdown (400d)	-32.0%	-47.5%
Risk-adjusted return (90d)	-0.04	0.45

Relative strength over 90 days: SPCXB outperformed COINB by 24.5% — measured on the COINB/SPCXB ratio, so it holds regardless of market direction.

Coinbase (bStocks Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →