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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 120.6× the size of SanDisk (Coinbase Tokenized Stock) (SNDKC) by market capitalisation. Their daily returns move loosely together (correlation 0.37 across 35 shared trading days). SNDKC has been the more volatile of the two, at 90% annualised against SPCXB's 71%.

Correlation: 0.37
Size ratio: 1 : 120.6

SanDisk (Coinbase Tokenized Stock)SNDKC

$1,092.1

24h: -0.27%
Market cap: $1.62M
Volume 24h: $22.88M
Volatility (ann.): 90%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.2100

24h: -2.81%
Market cap: $195.30M
Volume 24h: $66.65M
Volatility (ann.): 71%

SNDKC 0.8%Share of the two combined market caps99.2% SPCXB

Performance

SNDKCSPCXB

7 days-24.54%-6.33%SPCXB
30 days-39.46%-21.79%SPCXB
90 days—+17.70%—

Correlation

0.37over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4990d: 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	SNDKC	SPCXB
Max drawdown (400d)	-41.6%	-47.5%
Risk-adjusted return (90d)	-0.46	0.28

Relative strength over 90 days: SPCXB outperformed SNDKC by 35.4% — measured on the SNDKC/SPCXB ratio, so it holds regardless of market direction.

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