SanDisk (bStocks Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 1.9× the size of SanDisk (bStocks Tokenized Stock) (SNDKB) by market capitalisation. Over the past 90 days, SPCXB is ahead by 37.2 percentage points (SNDKB -9.1% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.19 across 145 shared trading days). SNDKB has been the more volatile of the two, at 124% annualised against SPCXB's 71%.

Correlation: 0.19
Size ratio: 1 : 1.9
Ahead over 90 days: SPCXB

SanDisk (bStocks Tokenized Stock)SNDKB

$1,035.19

24h: -5.37%
Market cap: $108.61M
Volume 24h: $58.05M
Volatility (ann.): 124%

SpaceX (bStocks Tokenized Stock)SPCXB

$137.0000

24h: -2.49%
Market cap: $203.83M
Volume 24h: $68.28M
Volatility (ann.): 71%

SNDKB 34.8%Share of the two combined market caps65.2% SPCXB

Performance

SNDKBSPCXB

7 days-13.39%-5.60%SPCXB
30 days-34.43%-11.42%SPCXB
90 days-9.06%+28.18%SPCXB

Correlation

0.19over 145 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4790d: 0.171y: 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	SNDKB	SPCXB
Max drawdown (400d)	-56.5%	-47.5%
Risk-adjusted return (90d)	-0.10	0.45

Relative strength over 90 days: SPCXB outperformed SNDKB by 29.1% — measured on the SNDKB/SPCXB ratio, so it holds regardless of market direction.

SanDisk (bStocks Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →