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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 12254.4× the size of TeraWulf Inc. • Robinhood Token (WULF) by market capitalisation. Their daily returns move loosely together (correlation 0.39 across 33 shared trading days). WULF has been the more volatile of the two, at 108% annualised against SPCXB's 71%.

Correlation: 0.39
Size ratio: 1 : 12254.4

TeraWulf Inc. • Robinhood TokenWULF

$11.6400

24h: -1.74%
Market cap: $15,981
Volume 24h: $9,632
Volatility (ann.): 108%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.4800

24h: -8.86%
Market cap: $195.83M
Volume 24h: $54.37M
Volatility (ann.): 71%

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

Performance

WULFSPCXB

7 days-11.40%-6.33%SPCXB
30 days-22.89%-21.79%SPCXB
90 days—+17.70%—

Correlation

0.39over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3690d: 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	WULF	SPCXB
Max drawdown (400d)	-28.6%	-47.5%
Risk-adjusted return (90d)	-0.18	0.28

Relative strength over 90 days: SPCXB outperformed WULF by 10.7% — measured on the WULF/SPCXB ratio, so it holds regardless of market direction.

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