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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 5082.9× the size of Netflix (Dinari Tokenized Stock) (NFLX) by market capitalisation. Their daily returns move barely together (correlation 0.19 across 27 shared trading days). SPCXB has been the more volatile of the two, at 73% annualised against NFLX's 39%.

Correlation: 0.19
Size ratio: 1 : 5082.9

Netflix (Dinari Tokenized Stock)NFLX

$64.7800

24h: -2.57%
Market cap: $38,878
Volume 24h: $8,087
Volatility (ann.): 39%

SpaceX (bStocks Tokenized Stock)SPCXB

$126.5200

24h: -5.95%
Market cap: $197.61M
Volume 24h: $62.11M
Volatility (ann.): 73%

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

Performance

NFLXSPCXB

7 days-5.69%-12.85%NFLX
30 days-18.84%-27.86%NFLX
90 days—-8.57%—

Correlation

0.19over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1990d: 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	NFLX	SPCXB
Max drawdown (400d)	-18.9%	-47.5%
Risk-adjusted return (90d)	-0.49	-0.15

Relative strength over 90 days: SPCXB outperformed NFLX by 23.4% — measured on the NFLX/SPCXB ratio, so it holds regardless of market direction.

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