Super Micro Computer • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 14619.7× the size of Super Micro Computer • Robinhood Token (SMCI) by market capitalisation. Their daily returns move closely together (correlation 0.66 across 33 shared trading days). Both have run at a similar volatility, around 77% annualised.

Correlation: 0.66
Size ratio: 1 : 14619.7

Super Micro Computer • Robinhood TokenSMCI

$26.9100

24h: -7.42%
Market cap: $13,618
Volume 24h: $3,371
Volatility (ann.): 81%

SpaceX (bStocks Tokenized Stock)SPCXB

$127.4900

24h: -5.25%
Market cap: $199.09M
Volume 24h: $64.36M
Volatility (ann.): 73%

SMCI 0.0%Share of the two combined market caps100.0% SPCXB

Performance

SMCISPCXB

7 days-22.82%-12.85%SPCXB
30 days-37.69%-27.86%SPCXB
90 days—-8.57%—

Correlation

0.66over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6290d: 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	SMCI	SPCXB
Max drawdown (400d)	-38.1%	-47.5%
Risk-adjusted return (90d)	-0.42	-0.15

Relative strength over 90 days: SPCXB outperformed SMCI by 19.7% — measured on the SMCI/SPCXB ratio, so it holds regardless of market direction.

Super Micro Computer • Robinhood Token →SpaceX (bStocks Tokenized Stock) →