Nike (ST0x Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 5093.2× the size of Nike (ST0x Tokenized Stock) (WTNKE) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.01 across 36 shared trading days). SPCXB has been the more volatile of the two, at 73% annualised against WTNKE's 34%.

Correlation: -0.01
Size ratio: 1 : 5093.2

Nike (ST0x Tokenized Stock)WTNKE

$40.2300

24h: +4.97%
Market cap: $39,624
Volume 24h: $5,190
Volatility (ann.): 34%

SpaceX (bStocks Tokenized Stock)SPCXB

$127.6200

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

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

Performance

WTNKESPCXB

7 days+2.48%-12.85%WTNKE
30 days+14.14%-27.86%WTNKE
90 days—-8.57%—

Correlation

-0.01over 36 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0490d: 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	WTNKE	SPCXB
Max drawdown (400d)	-2.9%	-47.5%
Risk-adjusted return (90d)	0.50	-0.15

Relative strength over 90 days: WTNKE outperformed SPCXB by 42.3% — measured on the WTNKE/SPCXB ratio, so it holds regardless of market direction.

Nike (ST0x Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →