Rocket Lab Corporation • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 4002.7× the size of Rocket Lab Corporation • Robinhood Token (RKLB) by market capitalisation. Their daily returns move barely together (correlation 0.16 across 35 shared trading days). Both have run at a similar volatility, around 74% annualised.

Correlation: 0.16
Size ratio: 1 : 4002.7

Rocket Lab Corporation • Robinhood TokenRKLB

$52.0100

24h: -1.04%
Market cap: $45,897
Volume 24h: $9
Volatility (ann.): 76%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.5700

24h: -11.19%
Market cap: $183.71M
Volume 24h: $35.96M
Volatility (ann.): 71%

RKLB 0.0%Share of the two combined market caps100.0% SPCXB

Performance

RKLBSPCXB

7 days-12.12%-6.33%SPCXB
30 days-29.31%-21.79%SPCXB
90 days—+17.70%—

Correlation

0.16over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1890d: insufficient data1y: 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	RKLB	SPCXB
Max drawdown (400d)	-32.0%	-47.5%
Risk-adjusted return (90d)	-0.37	0.28

Relative strength over 90 days: SPCXB outperformed RKLB by 20.5% — measured on the RKLB/SPCXB ratio, so it holds regardless of market direction.

Rocket Lab Corporation • Robinhood Token →SpaceX (bStocks Tokenized Stock) →