Tootsie Roll Industries (ST0x Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 9348.4× the size of Tootsie Roll Industries (ST0x Tokenized Stock) (WTTR) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.30 across 32 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against WTTR's 33%.

Correlation: -0.30
Size ratio: 1 : 9348.4

Tootsie Roll Industries (ST0x Tokenized Stock)WTTR

$38.8000

24h: +1.78%
Market cap: $21,266
Volume 24h: $1,298
Volatility (ann.): 33%

SpaceX (bStocks Tokenized Stock)SPCXB

$126.7200

24h: -5.74%
Market cap: $198.80M
Volume 24h: $51.96M
Volatility (ann.): 71%

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

Performance

WTTRSPCXB

7 days+9.69%-6.33%WTTR
30 days+2.24%-21.79%WTTR
90 days—+17.70%—

Correlation

-0.30over 32 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	WTTR	SPCXB
Max drawdown (400d)	-11.4%	-47.5%
Risk-adjusted return (90d)	0.10	0.28

Relative strength over 90 days: WTTR outperformed SPCXB by 14.3% — measured on the WTTR/SPCXB ratio, so it holds regardless of market direction.

Tootsie Roll Industries (ST0x Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →