Johnson & Johnson • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 976.0× the size of Johnson & Johnson • Robinhood Token (JNJ) by market capitalisation. Their daily returns move barely together (correlation 0.19 across 36 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against JNJ's 20%.

Correlation: 0.19
Size ratio: 1 : 976.0

Johnson & Johnson • Robinhood TokenJNJ

$277.8500

24h: +4.45%
Market cap: $201,514
Volume 24h: $25,479
Volatility (ann.): 20%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.1200

24h: -1.47%
Market cap: $196.69M
Volume 24h: $57.44M
Volatility (ann.): 71%

JNJ 0.1%Share of the two combined market caps99.9% SPCXB

Performance

JNJSPCXB

7 days+1.38%-6.33%JNJ
30 days-0.97%-21.79%JNJ
90 days—+17.70%—

Correlation

0.19over 36 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0490d: 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	JNJ	SPCXB
Max drawdown (400d)	-4.8%	-47.5%
Risk-adjusted return (90d)	0.00	0.28

Relative strength over 90 days: JNJ outperformed SPCXB by 5.6% — measured on the JNJ/SPCXB ratio, so it holds regardless of market direction.

Johnson & Johnson • Robinhood Token →SpaceX (bStocks Tokenized Stock) →