Alphabet Class A Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 15.7× the size of Alphabet Class A Tokenized Stock (Reality) (RGOOGL) by market capitalisation. Their daily returns move barely together (correlation 0.34 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RGOOGL's 22%.

Correlation: 0.34
Size ratio: 1 : 15.7

Alphabet Class A Tokenized Stock (Reality)RGOOGL

$275.9500

24h: -1.53%
Market cap: $12.43M
Volume 24h: $3.23M
Volatility (ann.): 22%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.6300

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

RGOOGL 6.0%Share of the two combined market caps94.0% SPCXB

Performance

RGOOGLSPCXB

7 days+1.41%-6.33%RGOOGL
30 days+1.03%-21.79%RGOOGL
90 days—+17.70%—

Correlation

0.34over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3490d: 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	RGOOGL	SPCXB
Max drawdown (400d)	-4.9%	-47.5%
Risk-adjusted return (90d)	0.05	0.28

Relative strength over 90 days: SPCXB outperformed RGOOGL by 11.3% — measured on the RGOOGL/SPCXB ratio, so it holds regardless of market direction.

Alphabet Class A Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →