Hewlett Packard Enterprise Company • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 8269.5× the size of Hewlett Packard Enterprise Company • Robinhood Token (HPE) by market capitalisation. Their daily returns move closely together (correlation 0.65 across 36 shared trading days). Both have run at a similar volatility, around 70% annualised.

Correlation: 0.65
Size ratio: 1 : 8269.5

Hewlett Packard Enterprise Company • Robinhood TokenHPE

$43.8700

24h: -12.29%
Market cap: $25,131
Volume 24h: $1,494
Volatility (ann.): 68%

SpaceX (bStocks Tokenized Stock)SPCXB

$131.7800

24h: +3.37%
Market cap: $207.82M
Volume 24h: $97.62M
Volatility (ann.): 73%

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

Performance

HPESPCXB

7 days-21.60%-12.85%SPCXB
30 days-34.00%-27.86%SPCXB
90 days—-8.57%—

Correlation

0.65over 36 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6190d: 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	HPE	SPCXB
Max drawdown (400d)	-36.6%	-47.5%
Risk-adjusted return (90d)	-0.41	-0.15

Relative strength over 90 days: SPCXB outperformed HPE by 12.3% — measured on the HPE/SPCXB ratio, so it holds regardless of market direction.

Hewlett Packard Enterprise Company • Robinhood Token →SpaceX (bStocks Tokenized Stock) →