NuScale Power Corporation • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 21637.0× the size of NuScale Power Corporation • Robinhood Token (SMR) by market capitalisation. Their daily returns move barely together (correlation 0.05 across 23 shared trading days). SMR has been the more volatile of the two, at 77171% annualised against SPCXB's 71%.

Correlation: 0.05
Size ratio: 1 : 21637.0

NuScale Power Corporation • Robinhood TokenSMR

$5.6900

24h: -0.00%
Market cap: $9,051
Volume 24h: $20
Volatility (ann.): 77171%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.4800

24h: -8.86%
Market cap: $195.83M
Volume 24h: $54.37M
Volatility (ann.): 71%

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

Performance

SMRSPCXB

7 days-99.45%-6.33%SPCXB
30 days—-21.79%—
90 days—+17.70%—

Correlation

0.05over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	SMR	SPCXB
Max drawdown (400d)	-99.5%	-47.5%
Risk-adjusted return (90d)	0.00	0.28

Relative strength over 90 days: SPCXB outperformed SMR by 21.4% — measured on the SMR/SPCXB ratio, so it holds regardless of market direction.

NuScale Power Corporation • Robinhood Token →SpaceX (bStocks Tokenized Stock) →