IREN Limited (bStocks Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 109.9× the size of IREN Limited (bStocks Tokenized Stock) (IRENB) by market capitalisation. Over the past 90 days, SPCXB is ahead by 64.7 percentage points (IRENB -36.5% against SPCXB +28.2%). Their daily returns move loosely together (correlation 0.41 across 91 shared trading days). IRENB has been the more volatile of the two, at 88% annualised against SPCXB's 71%.

Correlation: 0.41
Size ratio: 1 : 109.9
Ahead over 90 days: SPCXB

IREN Limited (bStocks Tokenized Stock)IRENB

$23.1200

24h: -1.60%
Market cap: $1.78M
Volume 24h: $292,138
Volatility (ann.): 88%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.9400

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

IRENB 0.9%Share of the two combined market caps99.1% SPCXB

Performance

IRENBSPCXB

7 days-11.03%-5.60%SPCXB
30 days-41.51%-11.42%SPCXB
90 days-36.47%+28.18%SPCXB

Correlation

0.41over 91 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4190d: 0.411y: 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	IRENB	SPCXB
Max drawdown (400d)	-53.7%	-47.5%
Risk-adjusted return (90d)	-0.41	0.45

Relative strength over 90 days: SPCXB outperformed IRENB by 50.4% — measured on the IRENB/SPCXB ratio, so it holds regardless of market direction.

IREN Limited (bStocks Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →