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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 6144.7× the size of Adobe Tokenized Stock (Reality) (RADBE) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.19 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RADBE's 33%.

Correlation: -0.19
Size ratio: 1 : 6144.7

Adobe Tokenized Stock (Reality)RADBE

$248.5800

24h: +2.43%
Market cap: $31,819
Volume 24h: $3,727
Volatility (ann.): 33%

SpaceX (bStocks Tokenized Stock)SPCXB

$131.9200

24h: -1.07%
Market cap: $195.52M
Volume 24h: $44.00M
Volatility (ann.): 71%

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

Performance

RADBESPCXB

7 days+1.86%-6.33%RADBE
30 days-6.04%-21.79%RADBE
90 days—+17.70%—

Correlation

-0.19over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1990d: 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	RADBE	SPCXB
Max drawdown (400d)	-10.3%	-47.5%
Risk-adjusted return (90d)	-0.18	0.28

Relative strength over 90 days: SPCXB outperformed RADBE by 18.0% — measured on the RADBE/SPCXB ratio, so it holds regardless of market direction.

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