Monolithic Power Systems, Inc. • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 41829.9× the size of Monolithic Power Systems, Inc. • Robinhood Token (MPWR) by market capitalisation. Their daily returns move loosely together (correlation 0.55 across 24 shared trading days). Both have run at a similar volatility, around 74% annualised.

Correlation: 0.55
Size ratio: 1 : 41829.9

Monolithic Power Systems, Inc. • Robinhood TokenMPWR

$1,253.26

24h: -1.51%
Market cap: $4,825
Volume 24h: $156
Volatility (ann.): 74%

SpaceX (bStocks Tokenized Stock)SPCXB

$127.6200

24h: -5.04%
Market cap: $201.81M
Volume 24h: $60.61M
Volatility (ann.): 73%

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

Performance

MPWRSPCXB

7 days+1.68%-12.85%MPWR
30 days—-27.86%—
90 days—-8.57%—

Correlation

0.55over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	MPWR	SPCXB
Max drawdown (400d)	-22.7%	-47.5%
Risk-adjusted return (90d)	-0.14	-0.15

Relative strength over 90 days: MPWR outperformed SPCXB by 8.9% — measured on the MPWR/SPCXB ratio, so it holds regardless of market direction.

Monolithic Power Systems, Inc. • Robinhood Token →SpaceX (bStocks Tokenized Stock) →