Microsoft (bStocks Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 70.1× the size of Microsoft (bStocks Tokenized Stock) (MSFTB) by market capitalisation. Over the past 90 days, SPCXB is ahead by 21.7 percentage points (MSFTB +6.5% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.03 across 127 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against MSFTB's 29%.

Correlation: 0.03
Size ratio: 1 : 70.1
Ahead over 90 days: SPCXB

Microsoft (bStocks Tokenized Stock)MSFTB

$552.4800

24h: +0.20%
Market cap: $2.87M
Volume 24h: $100,123
Volatility (ann.): 29%

SpaceX (bStocks Tokenized Stock)SPCXB

$135.3500

24h: -3.75%
Market cap: $200.97M
Volume 24h: $68.09M
Volatility (ann.): 71%

MSFTB 1.4%Share of the two combined market caps98.6% SPCXB

Performance

MSFTBSPCXB

7 days-2.88%-5.60%MSFTB
30 days-0.07%-11.42%MSFTB
90 days+6.46%+28.18%SPCXB

Correlation

0.03over 127 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2590d: 0.091y: 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	MSFTB	SPCXB
Max drawdown (400d)	-6.7%	-47.5%
Risk-adjusted return (90d)	0.27	0.45

Relative strength over 90 days: SPCXB outperformed MSFTB by 16.9% — measured on the MSFTB/SPCXB ratio, so it holds regardless of market direction.

Microsoft (bStocks Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →