Take-Two Interactive Software (Backpack Securities) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 64.0× the size of Take-Two Interactive Software (Backpack Securities) (TTWO) by market capitalisation. Their daily returns move barely together (correlation 0.17 across 38 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against TTWO's 31%.

Correlation: 0.17
Size ratio: 1 : 64.0

Take-Two Interactive Software (Backpack Securities)TTWO

$193.8700

24h: +0.36%
Market cap: $3.16M
Volume 24h: $9.96M
Volatility (ann.): 31%

SpaceX (bStocks Tokenized Stock)SPCXB

$137.3400

24h: -2.96%
Market cap: $202.34M
Volume 24h: $69.97M
Volatility (ann.): 71%

TTWO 1.5%Share of the two combined market caps98.5% SPCXB

Performance

TTWOSPCXB

7 days-6.17%-5.60%SPCXB
30 days-8.28%-11.42%TTWO
90 days—+28.18%—

Correlation

0.17over 38 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2890d: 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	TTWO	SPCXB
Max drawdown (400d)	-13.5%	-47.5%
Risk-adjusted return (90d)	-0.31	0.45

Relative strength over 90 days: SPCXB outperformed TTWO by 8.9% — measured on the TTWO/SPCXB ratio, so it holds regardless of market direction.

Take-Two Interactive Software (Backpack Securities) →SpaceX (bStocks Tokenized Stock) →