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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 261.0× the size of AppLovin Tokenized Stock (Reality) (RAPP) by market capitalisation. Their daily returns move barely together (correlation 0.11 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RAPP's 49%.

Correlation: 0.11
Size ratio: 1 : 261.0

AppLovin Tokenized Stock (Reality)RAPP

$327.7700

24h: +36.60%
Market cap: $755,535
Volume 24h: $546,971
Volatility (ann.): 49%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.6800

24h: -0.83%
Market cap: $197.20M
Volume 24h: $56.27M
Volatility (ann.): 71%

RAPP 0.4%Share of the two combined market caps99.6% SPCXB

Performance

RAPPSPCXB

7 days+4.43%-6.33%RAPP
30 days-15.53%-21.79%RAPP
90 days—+17.70%—

Correlation

0.11over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1190d: 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	RAPP	SPCXB
Max drawdown (400d)	-19.1%	-47.5%
Risk-adjusted return (90d)	-0.32	0.28

Relative strength over 90 days: SPCXB outperformed RAPP by 25.9% — measured on the RAPP/SPCXB ratio, so it holds regardless of market direction.

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