SpaceX (bStocks Tokenized Stock) (SPCXB) is 332856.8× the size of Salesforce aStock (ACRM) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.35 across 31 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against ACRM's 32%.
$133.2400
ACRMSPCXB
-0.35over 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 | ACRM | SPCXB |
|---|---|---|
| Max drawdown (400d) | -5.7% | -47.5% |
| Risk-adjusted return (90d) | 0.17 | 0.28 |
Relative strength over 90 days: ACRM outperformed SPCXB by 5.4% — measured on the ACRM/SPCXB ratio, so it holds regardless of market direction.