XRP (XRP) is 1275.0× the size of SpaceX (bStocks Tokenized Stock) (SPCXB) by market capitalisation. Their daily returns move barely together (correlation 0.12 across 100 shared trading days). SPCXB has been the more volatile of the two, at 79% annualised against XRP's 66%.
| Period | SPCXB | XRP | Ahead |
|---|---|---|---|
| 7 days | +1.54% | +3.23% | XRP |
| 30 days | +14.33% | +11.22% | SPCXB |
| 90 days | -13.19% | +25.39% | XRP |
| 1 year | — | -52.83% | — |
| Metric | SPCXB | XRP |
|---|---|---|
| Max drawdown (400d) | -47.5% | -68.2% |
| Risk-adjusted return (90d) | -0.19 | 0.38 |
| Best 30 days (past year) | — | +41.9% |
| Worst 30 days (past year) | — | -47.3% |
Relative strength over 90 days: XRP outperformed SPCXB by 30.8% — measured on the SPCXB/XRP ratio, so it holds regardless of market direction.
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.