McDonald's (ST0x Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 7176.5× the size of McDonald's (ST0x Tokenized Stock) (WTMCD) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.21 across 34 shared trading days). SPCXB has been the more volatile of the two, at 73% annualised against WTMCD's 28%.

Correlation: -0.21
Size ratio: 1 : 7176.5

McDonald's (ST0x Tokenized Stock)WTMCD

$275.1400

24h: -1.12%
Market cap: $27,644
Volume 24h: $7,122
Volatility (ann.): 28%

SpaceX (bStocks Tokenized Stock)SPCXB

$126.6900

24h: -5.06%
Market cap: $198.39M
Volume 24h: $62.62M
Volatility (ann.): 73%

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

Performance

WTMCDSPCXB

7 days+7.91%-12.85%WTMCD
30 days+19.34%-27.86%WTMCD
90 days—-8.57%—

Correlation

-0.21over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2090d: 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	WTMCD	SPCXB
Max drawdown (400d)	-2.1%	-47.5%
Risk-adjusted return (90d)	0.70	-0.15

Relative strength over 90 days: WTMCD outperformed SPCXB by 45.1% — measured on the WTMCD/SPCXB ratio, so it holds regardless of market direction.

McDonald's (ST0x Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →