The Trade Desk, Inc. • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 33561.2× the size of The Trade Desk, Inc. • Robinhood Token (TTD) by market capitalisation. Their daily returns move barely together (correlation 0.16 across 26 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against TTD's 44%.

Correlation: 0.16
Size ratio: 1 : 33561.2

The Trade Desk, Inc. • Robinhood TokenTTD

$12.5300

24h: —
Market cap: $5,541
Volume 24h: $42
Volatility (ann.): 44%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.9000

24h: -9.98%
Market cap: $185.96M
Volume 24h: $47.36M
Volatility (ann.): 71%

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

Performance

TTDSPCXB

7 days+0.32%-6.33%TTD
30 days+2.71%-21.79%TTD
90 days—+17.70%—

Correlation

0.16over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1690d: 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	TTD	SPCXB
Max drawdown (400d)	-8.1%	-47.5%
Risk-adjusted return (90d)	0.06	0.28

Relative strength over 90 days: TTD outperformed SPCXB by 13.6% — measured on the TTD/SPCXB ratio, so it holds regardless of market direction.

The Trade Desk, Inc. • Robinhood Token →SpaceX (bStocks Tokenized Stock) →