Trump Media & Technology Group Corp. • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 182.3× the size of Trump Media & Technology Group Corp. • Robinhood Token (DJT) by market capitalisation. Their daily returns move barely together (correlation 0.30 across 38 shared trading days). DJT has been the more volatile of the two, at 113% annualised against SPCXB's 71%.

Correlation: 0.30
Size ratio: 1 : 182.3

Trump Media & Technology Group Corp. • Robinhood TokenDJT

$5.5900

24h: -2.99%
Market cap: $1.08M
Volume 24h: $94,638
Volatility (ann.): 113%

SpaceX (bStocks Tokenized Stock)SPCXB

$135.2300

24h: -4.48%
Market cap: $197.62M
Volume 24h: $70.19M
Volatility (ann.): 71%

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

Performance

DJTSPCXB

7 days-34.80%-5.60%SPCXB
30 days-34.15%-11.42%SPCXB
90 days—+28.18%—

Correlation

0.30over 38 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3490d: 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	DJT	SPCXB
Max drawdown (400d)	-49.1%	-47.5%
Risk-adjusted return (90d)	-0.41	0.45

Relative strength over 90 days: SPCXB outperformed DJT by 47.0% — measured on the DJT/SPCXB ratio, so it holds regardless of market direction.

Trump Media & Technology Group Corp. • Robinhood Token →SpaceX (bStocks Tokenized Stock) →