IonQ (Dinari Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 21184.5× the size of IonQ (Dinari Tokenized Stock) (IONQ) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.02 across 25 shared trading days). Both have run at a similar volatility, around 68% annualised.

Correlation: -0.02
Size ratio: 1 : 21184.5

IonQ (Dinari Tokenized Stock)IONQ

$29.2700

24h: +0.61%
Market cap: $8,778
Volume 24h: $89
Volatility (ann.): 64%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.9000

24h: -9.98%
Market cap: $185.96M
Volume 24h: $47.36M
Volatility (ann.): 71%

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

Performance

IONQSPCXB

7 days-4.67%-6.33%IONQ
30 days+3.59%-21.79%IONQ
90 days—+17.70%—

Correlation

-0.02over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0290d: 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	IONQ	SPCXB
Max drawdown (400d)	-8.9%	-47.5%
Risk-adjusted return (90d)	0.06	0.28

Relative strength over 90 days: SPCXB outperformed IONQ by 3.7% — measured on the IONQ/SPCXB ratio, so it holds regardless of market direction.

IonQ (Dinari Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →