D-Wave Quantum • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 33920.9× the size of D-Wave Quantum • Robinhood Token (QBTS) by market capitalisation. Their daily returns move barely together (correlation 0.11 across 22 shared trading days). QBTS has been the more volatile of the two, at 189% annualised against SPCXB's 71%.

Correlation: 0.11
Size ratio: 1 : 33920.9

D-Wave Quantum • Robinhood TokenQBTS

$10.3500

24h: —
Market cap: $5,773
Volume 24h: $70
Volatility (ann.): 189%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.5200

24h: -8.86%
Market cap: $195.83M
Volume 24h: $54.37M
Volatility (ann.): 71%

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

Performance

QBTSSPCXB

7 days-12.22%-6.33%SPCXB
30 days—-21.79%—
90 days—+17.70%—

Correlation

0.11over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	QBTS	SPCXB
Max drawdown (400d)	-39.2%	-47.5%
Risk-adjusted return (90d)	-0.21	0.28

Relative strength over 90 days: SPCXB outperformed QBTS by 28.3% — measured on the QBTS/SPCXB ratio, so it holds regardless of market direction.

D-Wave Quantum • Robinhood Token →SpaceX (bStocks Tokenized Stock) →