Arista Networks Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 7963.5× the size of Arista Networks Tokenized Stock (Reality) (RANET) by market capitalisation. Their daily returns move barely together (correlation 0.14 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RANET's 30%.

Correlation: 0.14
Size ratio: 1 : 7963.5

Arista Networks Tokenized Stock (Reality)RANET

$176.8800

24h: -2.60%
Market cap: $23,069
Volume 24h: $115,784
Volatility (ann.): 30%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.5700

24h: -11.19%
Market cap: $183.71M
Volume 24h: $35.96M
Volatility (ann.): 71%

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

Performance

RANETSPCXB

7 days+1.51%-6.33%RANET
30 days+9.01%-21.79%RANET
90 days—+17.70%—

Correlation

0.14over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1490d: 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	RANET	SPCXB
Max drawdown (400d)	-3.2%	-47.5%
Risk-adjusted return (90d)	0.30	0.28

Relative strength over 90 days: SPCXB outperformed RANET by 0.9% — measured on the RANET/SPCXB ratio, so it holds regardless of market direction.

Arista Networks Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →