Aehr Test Systems Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 754.8× the size of Aehr Test Systems Tokenized Stock (Reality) (RAEHR) by market capitalisation. Their daily returns move loosely together (correlation 0.36 across 25 shared trading days). Both have run at a similar volatility, around 75% annualised.

Correlation: 0.36
Size ratio: 1 : 754.8

Aehr Test Systems Tokenized Stock (Reality)RAEHR

$59.2300

24h: -5.44%
Market cap: $261,276
Volume 24h: $159,594
Volatility (ann.): 79%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.6800

24h: -0.83%
Market cap: $197.20M
Volume 24h: $56.27M
Volatility (ann.): 71%

RAEHR 0.1%Share of the two combined market caps99.9% SPCXB

Performance

RAEHRSPCXB

7 days-18.29%-6.33%SPCXB
30 days+7.47%-21.79%RAEHR
90 days—+17.70%—

Correlation

0.36over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3690d: 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	RAEHR	SPCXB
Max drawdown (400d)	-18.9%	-47.5%
Risk-adjusted return (90d)	0.09	0.28

Relative strength over 90 days: SPCXB outperformed RAEHR by 5.7% — measured on the RAEHR/SPCXB ratio, so it holds regardless of market direction.

Aehr Test Systems Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →