TSMC (bStocks Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 49.6× the size of TSMC (bStocks Tokenized Stock) (TSMB) by market capitalisation. Over the past 90 days, SPCXB is ahead by 29.8 percentage points (TSMB -1.6% against SPCXB +28.2%). Their daily returns move loosely together (correlation 0.40 across 112 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against TSMB's 38%.

Correlation: 0.40
Size ratio: 1 : 49.6
Ahead over 90 days: SPCXB

TSMC (bStocks Tokenized Stock)TSMB

$399.9200

24h: -0.22%
Market cap: $3.94M
Volume 24h: $106,762
Volatility (ann.): 38%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.9200

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

TSMB 2.0%Share of the two combined market caps98.0% SPCXB

Performance

TSMBSPCXB

7 days-7.07%-5.60%SPCXB
30 days-14.71%-11.42%SPCXB
90 days-1.60%+28.18%SPCXB

Correlation

0.40over 112 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7490d: 0.491y: 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	TSMB	SPCXB
Max drawdown (400d)	-17.5%	-47.5%
Risk-adjusted return (90d)	-0.05	0.45

Relative strength over 90 days: SPCXB outperformed TSMB by 23.2% — measured on the TSMB/SPCXB ratio, so it holds regardless of market direction.

TSMC (bStocks Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →