Applied Optoelectronics Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 333.7× the size of Applied Optoelectronics Tokenized Stock (Reality) (RAAOI) by market capitalisation. Their daily returns move loosely together (correlation 0.40 across 25 shared trading days). RAAOI has been the more volatile of the two, at 93% annualised against SPCXB's 71%.

Correlation: 0.40
Size ratio: 1 : 333.7

Applied Optoelectronics Tokenized Stock (Reality)RAAOI

$58.8300

24h: -6.09%
Market cap: $590,790
Volume 24h: $75,606
Volatility (ann.): 93%

SpaceX (bStocks Tokenized Stock)SPCXB

$134.2800

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

RAAOI 0.3%Share of the two combined market caps99.7% SPCXB

Performance

RAAOISPCXB

7 days-6.63%-6.33%SPCXB
30 days+13.26%-21.79%RAAOI
90 days—+17.70%—

Correlation

0.40over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4090d: 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	RAAOI	SPCXB
Max drawdown (400d)	-18.6%	-47.5%
Risk-adjusted return (90d)	0.14	0.28

Relative strength over 90 days: SPCXB outperformed RAAOI by 0.6% — measured on the RAAOI/SPCXB ratio, so it holds regardless of market direction.

Applied Optoelectronics Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →