T1 Energy Inc. • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 27982.0× the size of T1 Energy Inc. • Robinhood Token (TE) by market capitalisation. Their daily returns move barely together (correlation 0.32 across 22 shared trading days). TE has been the more volatile of the two, at 151% annualised against SPCXB's 73%.

Correlation: 0.32
Size ratio: 1 : 27982.0

T1 Energy Inc. • Robinhood TokenTE

$2.7800

24h: +2.31%
Market cap: $7,212
Volume 24h: $894
Volatility (ann.): 151%

SpaceX (bStocks Tokenized Stock)SPCXB

$127.3100

24h: -5.04%
Market cap: $201.81M
Volume 24h: $60.61M
Volatility (ann.): 73%

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

Performance

TESPCXB

7 days-4.94%-12.85%TE
30 days—-27.86%—
90 days—-8.57%—

Correlation

0.32over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	TE	SPCXB
Max drawdown (400d)	-40.3%	-47.5%
Risk-adjusted return (90d)	-0.25	-0.15

Relative strength over 90 days: SPCXB outperformed TE by 25.1% — measured on the TE/SPCXB ratio, so it holds regardless of market direction.

T1 Energy Inc. • Robinhood Token →SpaceX (bStocks Tokenized Stock) →