ProShares UltraPro QQQ (bStocks Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 105.8× the size of ProShares UltraPro QQQ (bStocks Tokenized Stock) (TQQQB) by market capitalisation. Over the past 90 days, SPCXB is ahead by 44.6 percentage points (TQQQB -16.4% against SPCXB +28.2%). Their daily returns move loosely together (correlation 0.41 across 105 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against TQQQB's 59%.

Correlation: 0.41
Size ratio: 1 : 105.8
Ahead over 90 days: SPCXB

ProShares UltraPro QQQ (bStocks Tokenized Stock)TQQQB

$61.2600

24h: -0.64%
Market cap: $1.85M
Volume 24h: $623,706
Volatility (ann.): 59%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.9400

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

TQQQB 0.9%Share of the two combined market caps99.1% SPCXB

Performance

TQQQBSPCXB

7 days-14.88%-5.60%SPCXB
30 days-25.62%-11.42%SPCXB
90 days-16.44%+28.18%SPCXB

Correlation

0.41over 105 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6190d: 0.451y: 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	TQQQB	SPCXB
Max drawdown (400d)	-28.8%	-47.5%
Risk-adjusted return (90d)	-0.32	0.45

Relative strength over 90 days: SPCXB outperformed TQQQB by 34.8% — measured on the TQQQB/SPCXB ratio, so it holds regardless of market direction.

ProShares UltraPro QQQ (bStocks Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →