IBM (bStocks Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 224.2× the size of IBM (bStocks Tokenized Stock) (IBMB) by market capitalisation. Over the past 90 days, SPCXB is ahead by 22.0 percentage points (IBMB +6.2% against SPCXB +28.2%). Their daily returns move barely in opposite directions (correlation -0.07 across 112 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against IBMB's 30%.

Correlation: -0.07
Size ratio: 1 : 224.2
Ahead over 90 days: SPCXB

IBM (bStocks Tokenized Stock)IBMB

$255.0400

24h: -1.29%
Market cap: $872,387
Volume 24h: $284,105
Volatility (ann.): 30%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.9200

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

IBMB 0.4%Share of the two combined market caps99.6% SPCXB

Performance

IBMBSPCXB

7 days-0.29%-5.60%IBMB
30 days+11.44%-11.42%IBMB
90 days+6.18%+28.18%SPCXB

Correlation

-0.07over 112 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2790d: -0.171y: 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	IBMB	SPCXB
Max drawdown (400d)	-11.3%	-47.5%
Risk-adjusted return (90d)	0.22	0.45

Relative strength over 90 days: SPCXB outperformed IBMB by 17.2% — measured on the IBMB/SPCXB ratio, so it holds regardless of market direction.

IBM (bStocks Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →