UnitedHealth Group Incorporated • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 9307.9× the size of UnitedHealth Group Incorporated • Robinhood Token (UNH) by market capitalisation. Their daily returns move barely together (correlation 0.12 across 35 shared trading days). SPCXB has been the more volatile of the two, at 73% annualised against UNH's 40%.

Correlation: 0.12
Size ratio: 1 : 9307.9

UnitedHealth Group Incorporated • Robinhood TokenUNH

$409.8700

24h: +1.06%
Market cap: $21,682
Volume 24h: $556
Volatility (ann.): 40%

SpaceX (bStocks Tokenized Stock)SPCXB

$127.3100

24h: -5.04%
Market cap: $201.81M
Volume 24h: $60.61M
Volatility (ann.): 73%

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

Performance

UNHSPCXB

7 days+0.99%-12.85%UNH
30 days+9.84%-27.86%UNH
90 days—-8.57%—

Correlation

0.12over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0490d: 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	UNH	SPCXB
Max drawdown (400d)	-5.7%	-47.5%
Risk-adjusted return (90d)	0.34	-0.15

Relative strength over 90 days: UNH outperformed SPCXB by 38.0% — measured on the UNH/SPCXB ratio, so it holds regardless of market direction.

UnitedHealth Group Incorporated • Robinhood Token →SpaceX (bStocks Tokenized Stock) →