SpaceX (bStocks Tokenized Stock) (SPCXB) is 1632.3× the size of Roblox xStock (RBLXX) by market capitalisation. Their daily returns move loosely together (correlation 0.46 across 27 shared trading days). RBLXX has been the more volatile of the two, at 155576% annualised against SPCXB's 71%.
$131.9200
RBLXXSPCXB
0.46over 27 shared trading days
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.
| Metric | RBLXX | SPCXB |
|---|---|---|
| Max drawdown (400d) | -99.7% | -47.5% |
| Risk-adjusted return (90d) | 4.80 | 0.28 |
Relative strength over 90 days: RBLXX outperformed SPCXB by 161.3% — measured on the RBLXX/SPCXB ratio, so it holds regardless of market direction.