Fold Holdings (Dinari Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 53851.8× the size of Fold Holdings (Dinari Tokenized Stock) (FLD) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.13 across 25 shared trading days). Both have run at a similar volatility, around 77% annualised.

Correlation: -0.13
Size ratio: 1 : 53851.8

Fold Holdings (Dinari Tokenized Stock)FLD

$0.565541

24h: +0.86%
Market cap: $3,662
Volume 24h: $161
Volatility (ann.): 82%

SpaceX (bStocks Tokenized Stock)SPCXB

$134.3200

24h: -3.52%
Market cap: $197.19M
Volume 24h: $68.83M
Volatility (ann.): 71%

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

Performance

FLDSPCXB

7 days+7.08%-6.33%FLD
30 days+0.92%-21.79%FLD
90 days—+17.70%—

Correlation

-0.13over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1390d: 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	FLD	SPCXB
Max drawdown (400d)	-10.7%	-47.5%
Risk-adjusted return (90d)	0.01	0.28

Relative strength over 90 days: SPCXB outperformed FLD by 9.2% — measured on the FLD/SPCXB ratio, so it holds regardless of market direction.

Fold Holdings (Dinari Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →