SpaceX (bStocks Tokenized Stock) (SPCXB) is 964.0× the size of Vida Global xStock (VIDAX) by market capitalisation. Their daily returns move barely together (correlation 0.22 across 31 shared trading days). VIDAX has been the more volatile of the two, at 127% annualised against SPCXB's 71%.
$133.1200
VIDAXSPCXB
0.22over 31 shared trading days
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.
| Metric | VIDAX | SPCXB |
|---|---|---|
| Max drawdown (400d) | -35.9% | -47.5% |
| Risk-adjusted return (90d) | -0.25 | 0.28 |
Relative strength over 90 days: SPCXB outperformed VIDAX by 34.9% — measured on the VIDAX/SPCXB ratio, so it holds regardless of market direction.