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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 22651.5× the size of POET Technologies • Robinhood Token (POET) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.01 across 27 shared trading days). Both have run at a similar volatility, around 78% annualised.

Correlation: -0.01
Size ratio: 1 : 22651.5

POET Technologies • Robinhood TokenPOET

$4.8500

24h: —
Market cap: $8,910
Volume 24h: $225
Volatility (ann.): 83%

SpaceX (bStocks Tokenized Stock)SPCXB

$127.3100

24h: -5.04%
Market cap: $201.81M
Volume 24h: $60.61M
Volatility (ann.): 73%

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

Performance

POETSPCXB

7 days-12.41%-12.85%POET
30 days-36.17%-27.86%SPCXB
90 days—-8.57%—

Correlation

-0.01over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0190d: 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	POET	SPCXB
Max drawdown (400d)	-37.6%	-47.5%
Risk-adjusted return (90d)	-0.43	-0.15

Relative strength over 90 days: SPCXB outperformed POET by 22.4% — measured on the POET/SPCXB ratio, so it holds regardless of market direction.

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