Pfizer Inc. • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 793.1× the size of Pfizer Inc. • Robinhood Token (PFE) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.21 across 39 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against PFE's 32%.

Correlation: -0.21
Size ratio: 1 : 793.1

Pfizer Inc. • Robinhood TokenPFE

$30.8400

24h: +2.41%
Market cap: $231,632
Volume 24h: $34,638
Volatility (ann.): 32%

SpaceX (bStocks Tokenized Stock)SPCXB

$124.3500

24h: -11.19%
Market cap: $183.71M
Volume 24h: $35.96M
Volatility (ann.): 71%

PFE 0.1%Share of the two combined market caps99.9% SPCXB

Performance

PFESPCXB

7 days+4.76%-6.33%PFE
30 days+11.66%-21.79%PFE
90 days—+17.70%—

Correlation

-0.21over 39 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.4490d: 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	PFE	SPCXB
Max drawdown (400d)	-9.1%	-47.5%
Risk-adjusted return (90d)	0.24	0.28

Relative strength over 90 days: PFE outperformed SPCXB by 13.7% — measured on the PFE/SPCXB ratio, so it holds regardless of market direction.

Pfizer Inc. • Robinhood Token →SpaceX (bStocks Tokenized Stock) →