Netflix xStock vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 86.6× the size of Netflix xStock (NFLXX) by market capitalisation. Over the past 90 days, SPCXB is ahead by 45.5 percentage points (NFLXX -17.4% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.30 across 119 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against NFLXX's 49%.

Correlation: 0.30
Size ratio: 1 : 86.6
Ahead over 90 days: SPCXB

Netflix xStockNFLXX

$62.8600

24h: +0.43%
Market cap: $2.29M
Volume 24h: $64,425
Volatility (ann.): 49%

SpaceX (bStocks Tokenized Stock)SPCXB

$135.3200

24h: -0.83%
Market cap: $198.53M
Volume 24h: $45.25M
Volatility (ann.): 71%

NFLXX 1.1%Share of the two combined market caps98.9% SPCXB

Performance

NFLXXSPCXB

7 days-8.29%-5.60%SPCXB
30 days-16.79%-11.42%SPCXB
90 days-17.36%+28.18%SPCXB

Correlation

0.30over 119 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4990d: 0.341y: 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	NFLXX	SPCXB
Max drawdown (400d)	-45.1%	-47.5%
Risk-adjusted return (90d)	-0.34	0.45

Relative strength over 90 days: SPCXB outperformed NFLXX by 14.4% — measured on the NFLXX/SPCXB ratio, so it holds regardless of market direction.

Netflix xStock →SpaceX (bStocks Tokenized Stock) →