CoreWeave (bStocks Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 206.2× the size of CoreWeave (bStocks Tokenized Stock) (CRWVB) by market capitalisation. Over the past 90 days, SPCXB is ahead by 67.6 percentage points (CRWVB -39.5% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.33 across 105 shared trading days). CRWVB has been the more volatile of the two, at 112% annualised against SPCXB's 71%.

Correlation: 0.33
Size ratio: 1 : 206.2
Ahead over 90 days: SPCXB

CoreWeave (bStocks Tokenized Stock)CRWVB

$50.0400

24h: -1.12%
Market cap: $948,576
Volume 24h: $184,675
Volatility (ann.): 112%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.5500

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

CRWVB 0.5%Share of the two combined market caps99.5% SPCXB

Performance

CRWVBSPCXB

7 days-9.63%-5.60%SPCXB
30 days-39.67%-11.42%SPCXB
90 days-39.45%+28.18%SPCXB

Correlation

0.33over 105 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4490d: 0.331y: 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	CRWVB	SPCXB
Max drawdown (400d)	-52.5%	-47.5%
Risk-adjusted return (90d)	-0.40	0.45

Relative strength over 90 days: SPCXB outperformed CRWVB by 52.8% — measured on the CRWVB/SPCXB ratio, so it holds regardless of market direction.

CoreWeave (bStocks Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →