Eli Lilly • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 242.3× the size of Eli Lilly • Robinhood Token (LLY) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.29 across 35 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against LLY's 40%.

Correlation: -0.29
Size ratio: 1 : 242.3

Eli Lilly • Robinhood TokenLLY

$1,425.59

24h: +1.12%
Market cap: $823,651
Volume 24h: $142,365
Volatility (ann.): 40%

SpaceX (bStocks Tokenized Stock)SPCXB

$136.5600

24h: -1.13%
Market cap: $199.56M
Volume 24h: $46.45M
Volatility (ann.): 71%

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

Performance

LLYSPCXB

7 days+18.71%-5.60%LLY
30 days+22.71%-11.42%LLY
90 days—+28.18%—

Correlation

-0.29over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3290d: 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	LLY	SPCXB
Max drawdown (400d)	-4.5%	-47.5%
Risk-adjusted return (90d)	0.53	0.45

Relative strength over 90 days: LLY outperformed SPCXB by 26.4% — measured on the LLY/SPCXB ratio, so it holds regardless of market direction.

Eli Lilly • Robinhood Token →SpaceX (bStocks Tokenized Stock) →