SpaceX (bStocks Tokenized Stock) (SPCXB) is 407.0× the size of Strive (Dinari Tokenized Stock) (ASST) by market capitalisation. Their daily returns move barely together (correlation 0.06 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against ASST's 55%.
$20.3300
$138.2200
ASSTSPCXB
0.06over 25 shared trading days
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.
| Metric | ASST | SPCXB |
|---|---|---|
| Max drawdown (400d) | -8.3% | -47.5% |
| Risk-adjusted return (90d) | 0.07 | 0.45 |
Relative strength over 90 days: SPCXB outperformed ASST by 6.4% — measured on the ASST/SPCXB ratio, so it holds regardless of market direction.