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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 187.8× the size of Strategy (Dinari Tokenized Stock) (MSTR) by market capitalisation. Their daily returns move loosely together (correlation 0.35 across 25 shared trading days). MSTR has been the more volatile of the two, at 113% annualised against SPCXB's 71%.

Correlation: 0.35
Size ratio: 1 : 187.8

Strategy (Dinari Tokenized Stock)MSTR

$132.4800

24h: +0.23%
Market cap: $1.07M
Volume 24h: $10
Volatility (ann.): 113%

SpaceX (bStocks Tokenized Stock)SPCXB

$135.0900

24h: -4.64%
Market cap: $201.18M
Volume 24h: $72.10M
Volatility (ann.): 71%

MSTR 0.5%Share of the two combined market caps99.5% SPCXB

Performance

MSTRSPCXB

7 days-3.88%-5.60%MSTR
30 days+24.78%-11.42%MSTR
90 days—+28.18%—

Correlation

0.35over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3590d: 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	MSTR	SPCXB
Max drawdown (400d)	-12.8%	-47.5%
Risk-adjusted return (90d)	0.22	0.45

Relative strength over 90 days: MSTR outperformed SPCXB by 17.5% — measured on the MSTR/SPCXB ratio, so it holds regardless of market direction.

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