Take-Two Interactive Software • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 194.1× the size of Take-Two Interactive Software • Robinhood Token (TTWO) by market capitalisation. Their daily returns move barely together (correlation 0.28 across 37 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against TTWO's 28%.

Correlation: 0.28
Size ratio: 1 : 194.1

Take-Two Interactive Software • Robinhood TokenTTWO

$195.2200

24h: +1.11%
Market cap: $1.03M
Volume 24h: $54,260
Volatility (ann.): 28%

SpaceX (bStocks Tokenized Stock)SPCXB

$136.5600

24h: -1.13%
Market cap: $199.56M
Volume 24h: $46.45M
Volatility (ann.): 71%

TTWO 0.5%Share of the two combined market caps99.5% SPCXB

Performance

TTWOSPCXB

7 days-4.27%-5.60%TTWO
30 days-10.16%-11.42%TTWO
90 days—+28.18%—

Correlation

0.28over 37 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3790d: 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)	-0.43	0.45

Relative strength over 90 days: SPCXB outperformed TTWO by 8.1% — measured on the TTWO/SPCXB ratio, so it holds regardless of market direction.

Take-Two Interactive Software • Robinhood Token →SpaceX (bStocks Tokenized Stock) →