SpaceX (bStocks Tokenized Stock) (SPCXB) is 2089.6× the size of FGI Industries (ST0x Tokenized Stock) (WTFGI) by market capitalisation. Their daily returns move barely together (correlation 0.01 across 35 shared trading days). Both have run at a similar volatility, around 67% annualised.
$7.6100
$124.0100
WTFGISPCXB
0.01over 35 shared trading days
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.
| Metric | WTFGI | SPCXB |
|---|---|---|
| Max drawdown (400d) | -16.3% | -47.5% |
| Risk-adjusted return (90d) | 0.00 | 0.28 |
Relative strength over 90 days: WTFGI outperformed SPCXB by 10.4% — measured on the WTFGI/SPCXB ratio, so it holds regardless of market direction.