Qualcomm (bStocks Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 71.2× the size of Qualcomm (bStocks Tokenized Stock) (QCOMB) by market capitalisation. Over the past 90 days, SPCXB is ahead by 23.4 percentage points (QCOMB +4.8% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.25 across 120 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against QCOMB's 50%.

Correlation: 0.25
Size ratio: 1 : 71.2
Ahead over 90 days: SPCXB

Qualcomm (bStocks Tokenized Stock)QCOMB

$167.2100

24h: -0.66%
Market cap: $2.75M
Volume 24h: $131,221
Volatility (ann.): 50%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.5500

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

QCOMB 1.4%Share of the two combined market caps98.6% SPCXB

Performance

QCOMBSPCXB

7 days-10.96%-5.60%SPCXB
30 days-13.06%-11.42%SPCXB
90 days+4.75%+28.18%SPCXB

Correlation

0.25over 120 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2490d: 0.231y: 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	QCOMB	SPCXB
Max drawdown (400d)	-22.9%	-47.5%
Risk-adjusted return (90d)	0.10	0.45

Relative strength over 90 days: SPCXB outperformed QCOMB by 18.3% — measured on the QCOMB/SPCXB ratio, so it holds regardless of market direction.

Qualcomm (bStocks Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →