Taiwan Semiconductor Manufacturing (Dinari Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 7478.6× the size of Taiwan Semiconductor Manufacturing (Dinari Tokenized Stock) (TSM) by market capitalisation. Their daily returns move loosely together (correlation 0.49 across 26 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against TSM's 29%.

Correlation: 0.49
Size ratio: 1 : 7478.6

Taiwan Semiconductor Manufacturing (Dinari Tokenized Stock)TSM

$391.6900

24h: -1.97%
Market cap: $26,583
Volume 24h: $95
Volatility (ann.): 29%

SpaceX (bStocks Tokenized Stock)SPCXB

$126.7200

24h: -5.74%
Market cap: $198.80M
Volume 24h: $51.96M
Volatility (ann.): 71%

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

Performance

TSMSPCXB

7 days+4.99%-6.33%TSM
30 days+13.42%-21.79%TSM
90 days—+17.70%—

Correlation

0.49over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4990d: 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	TSM	SPCXB
Max drawdown (400d)	-5.6%	-47.5%
Risk-adjusted return (90d)	0.46	0.28

Relative strength over 90 days: TSM outperformed SPCXB by 7.0% — measured on the TSM/SPCXB ratio, so it holds regardless of market direction.

Taiwan Semiconductor Manufacturing (Dinari Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →