Tesla (bStocks Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 7.6× the size of Tesla (bStocks Tokenized Stock) (TSLAB) by market capitalisation. Over the past 90 days, SPCXB is ahead by 4.9 percentage points (TSLAB +23.3% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.28 across 145 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against TSLAB's 45%.

Correlation: 0.28
Size ratio: 1 : 7.6
Ahead over 90 days: SPCXB

Tesla (bStocks Tokenized Stock)TSLAB

$378.3900

24h: -5.96%
Market cap: $25.85M
Volume 24h: $14.78M
Volatility (ann.): 45%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.9200

24h: -3.48%
Market cap: $195.62M
Volume 24h: $53.04M
Volatility (ann.): 71%

TSLAB 11.7%Share of the two combined market caps88.3% SPCXB

Performance

TSLABSPCXB

7 days-2.98%-5.60%TSLAB
30 days+6.37%-11.42%TSLAB
90 days+23.31%+28.18%SPCXB

Correlation

0.28over 145 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4190d: 0.321y: 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	TSLAB	SPCXB
Max drawdown (400d)	-29.9%	-47.5%
Risk-adjusted return (90d)	0.58	0.45

Relative strength over 90 days: SPCXB outperformed TSLAB by 3.8% — measured on the TSLAB/SPCXB ratio, so it holds regardless of market direction.

Tesla (bStocks Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →