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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 15405703.0× the size of ProShares UltraPro Short QQQ aStock (ASQQQ) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.57 across 31 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against ASQQQ's 61%.

Correlation: -0.57
Size ratio: 1 : 15405703.0

ProShares UltraPro Short QQQ aStockASQQQ

$44.4300

24h: +3.28%
Market cap: $13
Volume 24h: —
Volatility (ann.): 61%

SpaceX (bStocks Tokenized Stock)SPCXB

$134.7000

24h: -3.52%
Market cap: $197.19M
Volume 24h: $68.83M
Volatility (ann.): 71%

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

Performance

ASQQQSPCXB

7 days+1.22%-6.33%ASQQQ
30 days+13.36%-21.79%ASQQQ
90 days—+17.70%—

Correlation

-0.57over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.5790d: 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	ASQQQ	SPCXB
Max drawdown (400d)	-8.8%	-47.5%
Risk-adjusted return (90d)	0.22	0.28

Relative strength over 90 days: ASQQQ outperformed SPCXB by 13.4% — measured on the ASQQQ/SPCXB ratio, so it holds regardless of market direction.

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