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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 5872.1× the size of AeroVironment Tokenized Stock (Reality) (RAVAV) by market capitalisation. Their daily returns move barely together (correlation 0.08 across 26 shared trading days). SPCXB has been the more volatile of the two, at 73% annualised against RAVAV's 40%.

Correlation: 0.08
Size ratio: 1 : 5872.1

AeroVironment Tokenized Stock (Reality)RAVAV

$112.9200

24h: —
Market cap: $34,368
Volume 24h: $15
Volatility (ann.): 40%

SpaceX (bStocks Tokenized Stock)SPCXB

$127.3100

24h: -5.04%
Market cap: $201.81M
Volume 24h: $60.61M
Volatility (ann.): 73%

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

Performance

RAVAVSPCXB

7 days-5.87%-12.85%RAVAV
30 days-16.48%-27.86%RAVAV
90 days—-8.57%—

Correlation

0.08over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0890d: 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	RAVAV	SPCXB
Max drawdown (400d)	-19.7%	-47.5%
Risk-adjusted return (90d)	-0.42	-0.15

Relative strength over 90 days: SPCXB outperformed RAVAV by 24.0% — measured on the RAVAV/SPCXB ratio, so it holds regardless of market direction.

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