Accenture Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 96126.4× the size of Accenture Tokenized Stock (Reality) (RACN) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.38 across 25 shared trading days). Both have run at a similar volatility, around 74% annualised.

Correlation: -0.38
Size ratio: 1 : 96126.4

Accenture Tokenized Stock (Reality)RACN

$254.3700

24h: -2.15%
Market cap: $2,032
Volume 24h: $20
Volatility (ann.): 76%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.4400

24h: -2.81%
Market cap: $195.30M
Volume 24h: $66.65M
Volatility (ann.): 71%

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

Performance

RACNSPCXB

7 days+10.58%-6.33%RACN
30 days+33.02%-21.79%RACN
90 days—+17.70%—

Correlation

-0.38over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3890d: 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	RACN	SPCXB
Max drawdown (400d)	-8.8%	-47.5%
Risk-adjusted return (90d)	0.43	0.28

Relative strength over 90 days: RACN outperformed SPCXB by 23.2% — measured on the RACN/SPCXB ratio, so it holds regardless of market direction.

Accenture Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →