SpaceX (bStocks Tokenized Stock) (SPCXB) is 193251.5× the size of RoboStrategy Inc aStock (ABOT) by market capitalisation. Their daily returns move loosely together (correlation 0.50 across 31 shared trading days). ABOT has been the more volatile of the two, at 92% annualised against SPCXB's 71%.
$133.6300
ABOTSPCXB
0.50over 31 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 | ABOT | SPCXB |
|---|---|---|
| Max drawdown (400d) | -32.9% | -47.5% |
| Risk-adjusted return (90d) | -0.18 | 0.28 |
Relative strength over 90 days: SPCXB outperformed ABOT by 16.9% — measured on the ABOT/SPCXB ratio, so it holds regardless of market direction.