Strive Series A Preferred (Dinari Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 94.9× the size of Strive Series A Preferred (Dinari Tokenized Stock) (SATA) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.35 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against SATA's 1%.

Correlation: -0.35
Size ratio: 1 : 94.9

Strive Series A Preferred (Dinari Tokenized Stock)SATA

$96.2600

24h: +0.40%
Market cap: $2.14M
Volume 24h: $642,654
Volatility (ann.): 1%

SpaceX (bStocks Tokenized Stock)SPCXB

$138.5000

24h: -2.94%
Market cap: $203.25M
Volume 24h: $67.85M
Volatility (ann.): 71%

SATA 1.0%Share of the two combined market caps99.0% SPCXB

Performance

SATASPCXB

7 days+0.02%-5.60%SATA
30 days+0.01%-11.42%SATA
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	SATA	SPCXB
Max drawdown (400d)	-0.1%	-47.5%
Risk-adjusted return (90d)	0.01	0.45

Relative strength over 90 days: SPCXB outperformed SATA by 5.0% — measured on the SATA/SPCXB ratio, so it holds regardless of market direction.

Strive Series A Preferred (Dinari Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →