Paypal (bStocks Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 208.0× the size of Paypal (bStocks Tokenized Stock) (PYPLB) by market capitalisation. Over the past 90 days, SPCXB is ahead by 30.1 percentage points (PYPLB -1.9% against SPCXB +28.2%). Their daily returns move barely in opposite directions (correlation -0.05 across 98 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against PYPLB's 38%.

Correlation: -0.05
Size ratio: 1 : 208.0
Ahead over 90 days: SPCXB

Paypal (bStocks Tokenized Stock)PYPLB

$59.5700

24h: -0.78%
Market cap: $940,353
Volume 24h: $1.25M
Volatility (ann.): 38%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.8600

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

PYPLB 0.5%Share of the two combined market caps99.5% SPCXB

Performance

PYPLBSPCXB

7 days+3.88%-5.60%PYPLB
30 days+9.22%-11.42%PYPLB
90 days-1.91%+28.18%SPCXB

Correlation

-0.05over 98 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0790d: -0.061y: 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	PYPLB	SPCXB
Max drawdown (400d)	-18.4%	-47.5%
Risk-adjusted return (90d)	-0.05	0.45

Relative strength over 90 days: SPCXB outperformed PYPLB by 23.5% — measured on the PYPLB/SPCXB ratio, so it holds regardless of market direction.

Paypal (bStocks Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →