SpaceX (bStocks Tokenized Stock) (SPCXB) is 532409.7× the size of Marvell Technology aStock (AMRVL) by market capitalisation. Their daily returns move loosely together (correlation 0.52 across 31 shared trading days). Both have run at a similar volatility, around 69% annualised.
$133.4400
AMRVLSPCXB
0.52over 31 shared trading days
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.
| Metric | AMRVL | SPCXB |
|---|---|---|
| Max drawdown (400d) | -23.1% | -47.5% |
| Risk-adjusted return (90d) | -0.16 | 0.28 |
Relative strength over 90 days: SPCXB outperformed AMRVL by 10.4% — measured on the AMRVL/SPCXB ratio, so it holds regardless of market direction.