Sandisk Corporation • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 158.2× the size of Sandisk Corporation • Robinhood Token (SNDK) by market capitalisation. Their daily returns move loosely together (correlation 0.39 across 36 shared trading days). SNDK has been the more volatile of the two, at 112% annualised against SPCXB's 71%.

Correlation: 0.39
Size ratio: 1 : 158.2

Sandisk Corporation • Robinhood TokenSNDK

$1,094.24

24h: +0.19%
Market cap: $1.24M
Volume 24h: $750,370
Volatility (ann.): 112%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.8600

24h: -3.48%
Market cap: $195.62M
Volume 24h: $53.04M
Volatility (ann.): 71%

SNDK 0.6%Share of the two combined market caps99.4% SPCXB

Performance

SNDKSPCXB

7 days-33.97%-5.60%SPCXB
30 days-36.27%-11.42%SPCXB
90 days—+28.18%—

Correlation

0.39over 36 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5090d: 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	SNDK	SPCXB
Max drawdown (400d)	-42.9%	-47.5%
Risk-adjusted return (90d)	-0.25	0.45

Relative strength over 90 days: SPCXB outperformed SNDK by 26.2% — measured on the SNDK/SPCXB ratio, so it holds regardless of market direction.

Sandisk Corporation • Robinhood Token →SpaceX (bStocks Tokenized Stock) →