SpaceX (bStocks Tokenized Stock) (SPCXB) is 494585.8× the size of Rocket Lab aStock (ARKLB) by market capitalisation. Their daily returns move loosely together (correlation 0.36 across 31 shared trading days). Both have run at a similar volatility, around 68% annualised.
$133.5500
ARKLBSPCXB
0.36over 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 | ARKLB | SPCXB |
|---|---|---|
| Max drawdown (400d) | -32.0% | -47.5% |
| Risk-adjusted return (90d) | -0.42 | 0.28 |
Relative strength over 90 days: SPCXB outperformed ARKLB by 26.8% — measured on the ARKLB/SPCXB ratio, so it holds regardless of market direction.