Shell (Dinari Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 15475.7× the size of Shell (Dinari Tokenized Stock) (SHEL) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.49 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against SHEL's 23%.

Correlation: -0.49
Size ratio: 1 : 15475.7

Shell (Dinari Tokenized Stock)SHEL

$108.8300

24h: —
Market cap: $12,712
Volume 24h: —
Volatility (ann.): 23%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.9400

24h: -2.39%
Market cap: $196.73M
Volume 24h: $67.32M
Volatility (ann.): 71%

SHEL 0.0%Share of the two combined market caps100.0% SPCXB

Performance

SHELSPCXB

7 days+1.51%-6.33%SHEL
30 days+1.70%-21.79%SHEL
90 days—+17.70%—

Correlation

-0.49over 25 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	SHEL	SPCXB
Max drawdown (400d)	-5.8%	-47.5%
Risk-adjusted return (90d)	0.07	0.28

Relative strength over 90 days: SPCXB outperformed SHEL by 4.3% — measured on the SHEL/SPCXB ratio, so it holds regardless of market direction.

Shell (Dinari Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →