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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 4.0× the size of Strategy (bStocks Tokenized Stock) (MSTRB) by market capitalisation. Over the past 90 days, MSTRB is ahead by 9.6 percentage points (MSTRB +37.8% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.19 across 134 shared trading days). MSTRB has been the more volatile of the two, at 88% annualised against SPCXB's 71%.

Correlation: 0.19
Size ratio: 1 : 4.0
Ahead over 90 days: MSTRB

Strategy (bStocks Tokenized Stock)MSTRB

$137.3100

24h: +5.27%
Market cap: $49.98M
Volume 24h: $15.58M
Volatility (ann.): 88%

SpaceX (bStocks Tokenized Stock)SPCXB

$136.6300

24h: -1.07%
Market cap: $198.94M
Volume 24h: $46.58M
Volatility (ann.): 71%

MSTRB 20.1%Share of the two combined market caps79.9% SPCXB

Performance

MSTRBSPCXB

7 days-4.52%-5.60%MSTRB
30 days-18.17%-11.42%SPCXB
90 days+37.80%+28.18%MSTRB

Correlation

0.19over 134 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3990d: 0.201y: 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	MSTRB	SPCXB
Max drawdown (400d)	-22.6%	-47.5%
Risk-adjusted return (90d)	0.44	0.45

Relative strength over 90 days: MSTRB outperformed SPCXB by 7.5% — measured on the MSTRB/SPCXB ratio, so it holds regardless of market direction.

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