Alnylam Pharmaceuticals Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 20958.6× the size of Alnylam Pharmaceuticals Tokenized Stock (Reality) (RALNY) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.44 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RALNY's 57%.

Correlation: -0.44
Size ratio: 1 : 20958.6

Alnylam Pharmaceuticals Tokenized Stock (Reality)RALNY

$165.7100

24h: —
Market cap: $9,409
Volume 24h: —
Volatility (ann.): 57%

SpaceX (bStocks Tokenized Stock)SPCXB

$134.3200

24h: -3.52%
Market cap: $197.19M
Volume 24h: $68.83M
Volatility (ann.): 71%

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

Performance

RALNYSPCXB

7 days+0.65%-6.33%RALNY
30 days-5.63%-21.79%RALNY
90 days—+17.70%—

Correlation

-0.44over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.4490d: 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	RALNY	SPCXB
Max drawdown (400d)	-14.4%	-47.5%
Risk-adjusted return (90d)	-0.10	0.28

Relative strength over 90 days: SPCXB outperformed RALNY by 8.0% — measured on the RALNY/SPCXB ratio, so it holds regardless of market direction.

Alnylam Pharmaceuticals Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →