USA Rare Earth • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 637.3× the size of USA Rare Earth • Robinhood Token (USAR) by market capitalisation. Their daily returns move loosely together (correlation 0.36 across 37 shared trading days). USAR has been the more volatile of the two, at 109% annualised against SPCXB's 71%.

Correlation: 0.36
Size ratio: 1 : 637.3

USA Rare Earth • Robinhood TokenUSAR

$8.6000

24h: -3.26%
Market cap: $316,136
Volume 24h: $48,288
Volatility (ann.): 109%

SpaceX (bStocks Tokenized Stock)SPCXB

$134.8000

24h: -3.68%
Market cap: $201.47M
Volume 24h: $71.09M
Volatility (ann.): 71%

USAR 0.2%Share of the two combined market caps99.8% SPCXB

Performance

USARSPCXB

7 days-41.42%-6.33%SPCXB
30 days-53.46%-21.79%SPCXB
90 days—+17.70%—

Correlation

0.36over 37 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4290d: 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	USAR	SPCXB
Max drawdown (400d)	-53.7%	-47.5%
Risk-adjusted return (90d)	-0.48	0.28

Relative strength over 90 days: SPCXB outperformed USAR by 49.7% — measured on the USAR/SPCXB ratio, so it holds regardless of market direction.

USA Rare Earth • Robinhood Token →SpaceX (bStocks Tokenized Stock) →