Nebius (bStocks Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 30.2× the size of Nebius (bStocks Tokenized Stock) (NBISB) by market capitalisation. Over the past 90 days, SPCXB is ahead by 56.7 percentage points (NBISB -28.6% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.27 across 120 shared trading days). NBISB has been the more volatile of the two, at 124% annualised against SPCXB's 71%.

Correlation: 0.27
Size ratio: 1 : 30.2
Ahead over 90 days: SPCXB

Nebius (bStocks Tokenized Stock)NBISB

$145.6200

24h: -1.04%
Market cap: $6.47M
Volume 24h: $404,568
Volatility (ann.): 124%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.9200

24h: -3.48%
Market cap: $195.62M
Volume 24h: $53.04M
Volatility (ann.): 71%

NBISB 3.2%Share of the two combined market caps96.8% SPCXB

Performance

NBISBSPCXB

7 days-10.82%-5.60%SPCXB
30 days-37.15%-11.42%SPCXB
90 days-28.55%+28.18%SPCXB

Correlation

0.27over 120 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4290d: 0.321y: 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	NBISB	SPCXB
Max drawdown (400d)	-48.6%	-47.5%
Risk-adjusted return (90d)	-0.28	0.45

Relative strength over 90 days: SPCXB outperformed NBISB by 44.3% — measured on the NBISB/SPCXB ratio, so it holds regardless of market direction.

Nebius (bStocks Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →