Nokia (bStocks Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 103.5× the size of Nokia (bStocks Tokenized Stock) (NOKB) by market capitalisation. Over the past 90 days, SPCXB is ahead by 38.1 percentage points (NOKB -9.9% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.35 across 112 shared trading days). Both have run at a similar volatility, around 72% annualised.

Correlation: 0.35
Size ratio: 1 : 103.5
Ahead over 90 days: SPCXB

Nokia (bStocks Tokenized Stock)NOKB

$8.4600

24h: -1.24%
Market cap: $1.89M
Volume 24h: $235,995
Volatility (ann.): 72%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.5500

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

NOKB 1.0%Share of the two combined market caps99.0% SPCXB

Performance

NOKBSPCXB

7 days-3.15%-5.60%NOKB
30 days-18.62%-11.42%SPCXB
90 days-9.94%+28.18%SPCXB

Correlation

0.35over 112 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3490d: 0.301y: 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	NOKB	SPCXB
Max drawdown (400d)	-29.4%	-47.5%
Risk-adjusted return (90d)	-0.16	0.45

Relative strength over 90 days: SPCXB outperformed NOKB by 29.7% — measured on the NOKB/SPCXB ratio, so it holds regardless of market direction.

Nokia (bStocks Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →