SpaceX (bStocks Tokenized Stock) (SPCXB) is 18.6× the size of Meta xStock (METAX) by market capitalisation. Their daily returns move barely together (correlation 0.07 across 110 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against METAX's 40%.
$134.5600
METAXSPCXB
0.07over 110 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 | METAX | SPCXB |
|---|---|---|
| Max drawdown (400d) | -30.8% | -47.5% |
| Risk-adjusted return (90d) | 0.41 | 0.45 |
Relative strength over 90 days: METAX outperformed SPCXB by 26.5% — measured on the METAX/SPCXB ratio, so it holds regardless of market direction.