Western Digital Corporation • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 2033.2× the size of Western Digital Corporation • Robinhood Token (WDC) by market capitalisation. Their daily returns move loosely together (correlation 0.44 across 33 shared trading days). Both have run at a similar volatility, around 75% annualised.

Correlation: 0.44
Size ratio: 1 : 2033.2

Western Digital Corporation • Robinhood TokenWDC

$312.0700

24h: -9.32%
Market cap: $90,357
Volume 24h: $14,292
Volatility (ann.): 78%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.5700

24h: -11.19%
Market cap: $183.71M
Volume 24h: $35.96M
Volatility (ann.): 71%

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

Performance

WDCSPCXB

7 days-16.74%-6.33%SPCXB
30 days-27.65%-21.79%SPCXB
90 days—+17.70%—

Correlation

0.44over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4990d: 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	WDC	SPCXB
Max drawdown (400d)	-30.7%	-47.5%
Risk-adjusted return (90d)	-0.37	0.28

Relative strength over 90 days: SPCXB outperformed WDC by 15.7% — measured on the WDC/SPCXB ratio, so it holds regardless of market direction.

Western Digital Corporation • Robinhood Token →SpaceX (bStocks Tokenized Stock) →