Constellation Energy Corporation • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 4918.0× the size of Constellation Energy Corporation • Robinhood Token (CEG) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.11 across 39 shared trading days). Both have run at a similar volatility, around 74% annualised.

Correlation: -0.11
Size ratio: 1 : 4918.0

Constellation Energy Corporation • Robinhood TokenCEG

$243.2700

24h: -6.73%
Market cap: $37,813
Volume 24h: $10,748
Volatility (ann.): 77%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.5800

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

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

Performance

CEGSPCXB

7 days-5.08%-6.33%CEG
30 days-15.90%-21.79%CEG
90 days—+17.70%—

Correlation

-0.11over 39 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2390d: 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	CEG	SPCXB
Max drawdown (400d)	-25.1%	-47.5%
Risk-adjusted return (90d)	-0.15	0.28

Relative strength over 90 days: SPCXB outperformed CEG by 6.5% — measured on the CEG/SPCXB ratio, so it holds regardless of market direction.

Constellation Energy Corporation • Robinhood Token →SpaceX (bStocks Tokenized Stock) →