Palantir Technologies • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 87.9× the size of Palantir Technologies • Robinhood Token (PLTR) by market capitalisation. Their daily returns move barely together (correlation 0.21 across 38 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against PLTR's 57%.

Correlation: 0.21
Size ratio: 1 : 87.9

Palantir Technologies • Robinhood TokenPLTR

$169.8400

24h: -2.11%
Market cap: $2.26M
Volume 24h: $3.14M
Volatility (ann.): 57%

SpaceX (bStocks Tokenized Stock)SPCXB

$136.6300

24h: -1.07%
Market cap: $198.94M
Volume 24h: $46.58M
Volatility (ann.): 71%

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

Performance

PLTRSPCXB

7 days-9.41%-5.60%SPCXB
30 days-3.63%-11.42%PLTR
90 days—+28.18%—

Correlation

0.21over 38 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0890d: 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	PLTR	SPCXB
Max drawdown (400d)	-14.3%	-47.5%
Risk-adjusted return (90d)	-0.16	0.45

Relative strength over 90 days: SPCXB outperformed PLTR by 9.8% — measured on the PLTR/SPCXB ratio, so it holds regardless of market direction.

Palantir Technologies • Robinhood Token →SpaceX (bStocks Tokenized Stock) →