NVIDIA (bStocks Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 4.0× the size of NVIDIA (bStocks Tokenized Stock) (NVDAB) by market capitalisation. Over the past 90 days, SPCXB is ahead by 33.7 percentage points (NVDAB -5.6% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.25 across 145 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against NVDAB's 35%.

Correlation: 0.25
Size ratio: 1 : 4.0
Ahead over 90 days: SPCXB

NVIDIA (bStocks Tokenized Stock)NVDAB

$206.6200

24h: +1.97%
Market cap: $49.51M
Volume 24h: $30.08M
Volatility (ann.): 35%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.8800

24h: -2.02%
Market cap: $196.73M
Volume 24h: $46.43M
Volatility (ann.): 71%

NVDAB 20.1%Share of the two combined market caps79.9% SPCXB

Performance

NVDABSPCXB

7 days-4.59%-5.60%NVDAB
30 days-11.43%-11.42%SPCXB
90 days-5.56%+28.18%SPCXB

Correlation

0.25over 145 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6990d: 0.431y: 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	NVDAB	SPCXB
Max drawdown (400d)	-15.1%	-47.5%
Risk-adjusted return (90d)	-0.18	0.45

Relative strength over 90 days: SPCXB outperformed NVDAB by 26.3% — measured on the NVDAB/SPCXB ratio, so it holds regardless of market direction.

NVIDIA (bStocks Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →