Credo Technology Group Holding Ltd Ordinary Shares • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 35259.1× the size of Credo Technology Group Holding Ltd Ordinary Shares • Robinhood Token (CRDO) by market capitalisation. Their daily returns move barely together (correlation 0.14 across 25 shared trading days). CRDO has been the more volatile of the two, at 103% annualised against SPCXB's 73%.

Correlation: 0.14
Size ratio: 1 : 35259.1

Credo Technology Group Holding Ltd Ordinary Shares • Robinhood TokenCRDO

$122.8300

24h: —
Market cap: $5,751
Volume 24h: $37
Volatility (ann.): 103%

SpaceX (bStocks Tokenized Stock)SPCXB

$128.7100

24h: -4.18%
Market cap: $202.76M
Volume 24h: $76.36M
Volatility (ann.): 73%

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

Performance

CRDOSPCXB

7 days-12.67%-12.85%CRDO
30 days-40.82%-27.86%SPCXB
90 days—-8.57%—

Correlation

0.14over 25 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	CRDO	SPCXB
Max drawdown (400d)	-45.0%	-47.5%
Risk-adjusted return (90d)	-0.39	-0.15

Relative strength over 90 days: SPCXB outperformed CRDO by 23.2% — measured on the CRDO/SPCXB ratio, so it holds regardless of market direction.

Credo Technology Group Holding Ltd Ordinary Shares • Robinhood Token →SpaceX (bStocks Tokenized Stock) →