Hims & Hers Health, Inc. • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 85.0× the size of Hims & Hers Health, Inc. • Robinhood Token (HIMS) by market capitalisation. Their daily returns move barely together (correlation 0.10 across 37 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against HIMS's 49%.

Correlation: 0.10
Size ratio: 1 : 85.0

Hims & Hers Health, Inc. • Robinhood TokenHIMS

$25.2500

24h: -0.45%
Market cap: $2.30M
Volume 24h: $1.43M
Volatility (ann.): 49%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.8600

24h: -3.48%
Market cap: $195.62M
Volume 24h: $53.04M
Volatility (ann.): 71%

HIMS 1.2%Share of the two combined market caps98.8% SPCXB

Performance

HIMSSPCXB

7 days-3.65%-5.60%HIMS
30 days-0.57%-11.42%HIMS
90 days—+28.18%—

Correlation

0.10over 37 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2190d: 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	HIMS	SPCXB
Max drawdown (400d)	-9.8%	-47.5%
Risk-adjusted return (90d)	-0.08	0.45

Relative strength over 90 days: SPCXB outperformed HIMS by 2.6% — measured on the HIMS/SPCXB ratio, so it holds regardless of market direction.

Hims & Hers Health, Inc. • Robinhood Token →SpaceX (bStocks Tokenized Stock) →