American Express Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 82789.8× the size of American Express Tokenized Stock (Reality) (RAXP) 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 RAXP's 23%.

Correlation: -0.19
Size ratio: 1 : 82789.8

American Express Tokenized Stock (Reality)RAXP

$325.8200

24h: —
Market cap: $2,381
Volume 24h: —
Volatility (ann.): 23%

SpaceX (bStocks Tokenized Stock)SPCXB

$134.2800

24h: -1.69%
Market cap: $197.13M
Volume 24h: $66.32M
Volatility (ann.): 71%

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

Performance

RAXPSPCXB

7 days+2.31%-6.33%RAXP
30 days-4.05%-21.79%RAXP
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	RAXP	SPCXB
Max drawdown (400d)	-7.2%	-47.5%
Risk-adjusted return (90d)	-0.18	0.28

Relative strength over 90 days: SPCXB outperformed RAXP by 12.7% — measured on the RAXP/SPCXB ratio, so it holds regardless of market direction.

American Express Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →