Dell (bStocks Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 240.5× the size of Dell (bStocks Tokenized Stock) (DELLB) by market capitalisation. Over the past 90 days, SPCXB is ahead by 39.0 percentage points (DELLB -10.8% against SPCXB +28.2%). Their daily returns move loosely together (correlation 0.43 across 98 shared trading days). Both have run at a similar volatility, around 72% annualised.

Correlation: 0.43
Size ratio: 1 : 240.5
Ahead over 90 days: SPCXB

Dell (bStocks Tokenized Stock)DELLB

$413.4300

24h: -0.46%
Market cap: $825,583
Volume 24h: $56,643
Volatility (ann.): 72%

SpaceX (bStocks Tokenized Stock)SPCXB

$135.5800

24h: -0.83%
Market cap: $198.53M
Volume 24h: $45.25M
Volatility (ann.): 71%

DELLB 0.4%Share of the two combined market caps99.6% SPCXB

Performance

DELLBSPCXB

7 days-17.43%-5.60%SPCXB
30 days-26.15%-11.42%SPCXB
90 days-10.80%+28.18%SPCXB

Correlation

0.43over 98 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5490d: 0.451y: 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	DELLB	SPCXB
Max drawdown (400d)	-33.0%	-47.5%
Risk-adjusted return (90d)	-0.15	0.45

Relative strength over 90 days: SPCXB outperformed DELLB by 30.4% — measured on the DELLB/SPCXB ratio, so it holds regardless of market direction.

Dell (bStocks Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →