Semicon Bull 3X ETF (bStocks Tokenized ETF) vs SP500 xStock

SP500 xStock (SPYX) is 1.3× the size of Semicon Bull 3X ETF (bStocks Tokenized ETF) (SOXLB) by market capitalisation. Their daily returns move loosely together (correlation 0.48 across 55 shared trading days). SOXLB has been the more volatile of the two, at 150% annualised against SPYX's 11%.

Correlation: 0.48
Size ratio: 1 : 1.3

Semicon Bull 3X ETF (bStocks Tokenized ETF)SOXLB

$77.7400

24h: +7.02%
Market cap: $56.74M
Volume 24h: $36.01M
Volatility (ann.): 150%

SP500 xStockSPYX

$767.4700

24h: +1.53%
Market cap: $71.55M
Volume 24h: $7.57M
Volatility (ann.): 11%

SOXLB 44.2%Share of the two combined market caps55.8% SPYX

Performance

SOXLBSPYX

7 days-25.10%-1.60%SPYX
30 days-54.77%-1.10%SPYX
90 days-42.54%——

Correlation

0.48over 55 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5790d: 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	SOXLB	SPYX
Max drawdown (400d)	-64.3%	-2.7%
Risk-adjusted return (90d)	-0.35	-0.14

Relative strength over 90 days: SPYX outperformed SOXLB by 38.1% — measured on the SOXLB/SPYX ratio, so it holds regardless of market direction.

Semicon Bull 3X ETF (bStocks Tokenized ETF) →SP500 xStock →