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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 123.2× the size of Strategy Stretch Preferred (Dinari Tokenized Stock) (STRC) by market capitalisation. Their daily returns move loosely together (correlation 0.51 across 26 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against STRC's 10%.

Correlation: 0.51
Size ratio: 1 : 123.2

Strategy Stretch Preferred (Dinari Tokenized Stock)STRC

$99.8200

24h: +0.24%
Market cap: $1.62M
Volume 24h: $644,395
Volatility (ann.): 10%

SpaceX (bStocks Tokenized Stock)SPCXB

$136.6800

24h: -2.68%
Market cap: $200.21M
Volume 24h: $59.55M
Volatility (ann.): 71%

STRC 0.8%Share of the two combined market caps99.2% SPCXB

Performance

STRCSPCXB

7 days+0.71%-5.60%STRC
30 days+2.93%-11.42%STRC
90 days—+28.18%—

Correlation

0.51over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5190d: 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	STRC	SPCXB
Max drawdown (400d)	-1.8%	-47.5%
Risk-adjusted return (90d)	0.29	0.45

Relative strength over 90 days: SPCXB outperformed STRC by 2.2% — measured on the STRC/SPCXB ratio, so it holds regardless of market direction.

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