ProShares UltraShort 20+ Year Treasury aStock vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 3982088.0× the size of ProShares UltraShort 20+ Year Treasury aStock (ATBT) by market capitalisation. Their daily returns move loosely together (correlation 0.42 across 31 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against ATBT's 24%.

Correlation: 0.42
Size ratio: 1 : 3982088.0

ProShares UltraShort 20+ Year Treasury aStockATBT

$38.3800

24h: +0.37%
Market cap: $50
Volume 24h: —
Volatility (ann.): 24%

SpaceX (bStocks Tokenized Stock)SPCXB

$134.7000

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

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

Performance

ATBTSPCXB

7 days-3.73%-6.33%ATBT
30 days-5.88%-21.79%ATBT
90 days—+17.70%—

Correlation

0.42over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4290d: 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	ATBT	SPCXB
Max drawdown (400d)	-11.0%	-47.5%
Risk-adjusted return (90d)	-0.24	0.28

Relative strength over 90 days: SPCXB outperformed ATBT by 5.9% — measured on the ATBT/SPCXB ratio, so it holds regardless of market direction.

ProShares UltraShort 20+ Year Treasury aStock →SpaceX (bStocks Tokenized Stock) →