Robinhood (bStocks Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 41.9× the size of Robinhood (bStocks Tokenized Stock) (HOODB) by market capitalisation. Over the past 90 days, SPCXB is ahead by 36.3 percentage points (HOODB -8.1% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.35 across 112 shared trading days). Both have run at a similar volatility, around 71% annualised.

Correlation: 0.35
Size ratio: 1 : 41.9
Ahead over 90 days: SPCXB

Robinhood (bStocks Tokenized Stock)HOODB

$87.4900

24h: -0.74%
Market cap: $4.73M
Volume 24h: $449,763
Volatility (ann.): 71%

SpaceX (bStocks Tokenized Stock)SPCXB

$134.0400

24h: -5.02%
Market cap: $198.24M
Volume 24h: $69.93M
Volatility (ann.): 71%

HOODB 2.3%Share of the two combined market caps97.7% SPCXB

Performance

HOODBSPCXB

7 days-2.46%-5.60%HOODB
30 days-25.49%-11.42%SPCXB
90 days-8.14%+28.18%SPCXB

Correlation

0.35over 112 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3190d: 0.271y: 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	HOODB	SPCXB
Max drawdown (400d)	-33.4%	-47.5%
Risk-adjusted return (90d)	-0.11	0.45

Relative strength over 90 days: SPCXB outperformed HOODB by 28.3% — measured on the HOODB/SPCXB ratio, so it holds regardless of market direction.

Robinhood (bStocks Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →