Xanadu Quantum • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 118947.1× the size of Xanadu Quantum • Robinhood Token (XNDU) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.10 across 26 shared trading days). XNDU has been the more volatile of the two, at 78431% annualised against SPCXB's 71%.

Correlation: -0.10
Size ratio: 1 : 118947.1

Xanadu Quantum • Robinhood TokenXNDU

$2.7400

24h: —
Market cap: $1,544
Volume 24h: —
Volatility (ann.): 78431%

SpaceX (bStocks Tokenized Stock)SPCXB

$124.3500

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

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

Performance

XNDUSPCXB

7 days+2.62%-6.33%XNDU
30 days-42.80%-21.79%SPCXB
90 days—+17.70%—

Correlation

-0.10over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1090d: 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	XNDU	SPCXB
Max drawdown (400d)	-99.3%	-47.5%
Risk-adjusted return (90d)	0.00	0.28

Relative strength over 90 days: SPCXB outperformed XNDU by 36.8% — measured on the XNDU/SPCXB ratio, so it holds regardless of market direction.

Xanadu Quantum • Robinhood Token →SpaceX (bStocks Tokenized Stock) →