Figma, Inc. • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 1321.9× the size of Figma, Inc. • Robinhood Token (FIG) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.06 across 38 shared trading days). Both have run at a similar volatility, around 68% annualised.

Correlation: -0.06
Size ratio: 1 : 1321.9

Figma, Inc. • Robinhood TokenFIG

$21.2200

24h: +1.82%
Market cap: $148,789
Volume 24h: $79,238
Volatility (ann.): 65%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.1200

24h: -1.47%
Market cap: $196.69M
Volume 24h: $57.44M
Volatility (ann.): 71%

FIG 0.1%Share of the two combined market caps99.9% SPCXB

Performance

FIGSPCXB

7 days+1.38%-6.33%FIG
30 days-6.39%-21.79%FIG
90 days—+17.70%—

Correlation

-0.06over 38 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0390d: 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	FIG	SPCXB
Max drawdown (400d)	-27.4%	-47.5%
Risk-adjusted return (90d)	-0.35	0.28

Relative strength over 90 days: SPCXB outperformed FIG by 18.6% — measured on the FIG/SPCXB ratio, so it holds regardless of market direction.

Figma, Inc. • Robinhood Token →SpaceX (bStocks Tokenized Stock) →