Grindr (ST0x Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 5983.9× the size of Grindr (ST0x Tokenized Stock) (WTGRND) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.09 across 36 shared trading days). SPCXB has been the more volatile of the two, at 73% annualised against WTGRND's 48%.

Correlation: -0.09
Size ratio: 1 : 5983.9

Grindr (ST0x Tokenized Stock)WTGRND

$13.4500

24h: -3.00%
Market cap: $33,347
Volume 24h: $2,500
Volatility (ann.): 48%

SpaceX (bStocks Tokenized Stock)SPCXB

$127.6800

24h: -5.07%
Market cap: $199.55M
Volume 24h: $61.54M
Volatility (ann.): 73%

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

Performance

WTGRNDSPCXB

7 days+4.91%-12.85%WTGRND
30 days-2.39%-27.86%WTGRND
90 days—-8.57%—

Correlation

-0.09over 36 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	WTGRND	SPCXB
Max drawdown (400d)	-17.8%	-47.5%
Risk-adjusted return (90d)	-0.11	-0.15

Relative strength over 90 days: WTGRND outperformed SPCXB by 15.3% — measured on the WTGRND/SPCXB ratio, so it holds regardless of market direction.

Grindr (ST0x Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →