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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 1485.9× the size of Microsoft (Dinari Tokenized Stock) (MSFT) by market capitalisation. Their daily returns move barely together (correlation 0.18 across 28 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against MSFT's 22%.

Correlation: 0.18
Size ratio: 1 : 1485.9

Microsoft (Dinari Tokenized Stock)MSFT

$552.7700

24h: +7.90%
Market cap: $123,637
Volume 24h: $1,247
Volatility (ann.): 22%

SpaceX (bStocks Tokenized Stock)SPCXB

$124.3500

24h: -11.19%
Market cap: $183.71M
Volume 24h: $35.96M
Volatility (ann.): 71%

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

Performance

MSFTSPCXB

7 days-0.14%-6.33%MSFT
30 days+3.54%-21.79%MSFT
90 days—+17.70%—

Correlation

0.18over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1890d: 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	MSFT	SPCXB
Max drawdown (400d)	-3.0%	-47.5%
Risk-adjusted return (90d)	0.16	0.28

Relative strength over 90 days: SPCXB outperformed MSFT by 2.4% — measured on the MSFT/SPCXB ratio, so it holds regardless of market direction.

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