Arm Holdings plc Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 988.1× the size of Arm Holdings plc Tokenized Stock (Reality) (RARM) by market capitalisation. Their daily returns move barely together (correlation 0.22 across 25 shared trading days). RARM has been the more volatile of the two, at 100% annualised against SPCXB's 71%.

Correlation: 0.22
Size ratio: 1 : 988.1

Arm Holdings plc Tokenized Stock (Reality)RARM

$185.6800

24h: -6.52%
Market cap: $198,748
Volume 24h: $45,846
Volatility (ann.): 100%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.1500

24h: -1.33%
Market cap: $196.38M
Volume 24h: $57.23M
Volatility (ann.): 71%

RARM 0.1%Share of the two combined market caps99.9% SPCXB

Performance

RARMSPCXB

7 days-10.63%-6.33%SPCXB
30 days+13.67%-21.79%RARM
90 days—+17.70%—

Correlation

0.22over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2290d: 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	RARM	SPCXB
Max drawdown (400d)	-17.6%	-47.5%
Risk-adjusted return (90d)	0.14	0.28

Relative strength over 90 days: SPCXB outperformed RARM by 0.2% — measured on the RARM/SPCXB ratio, so it holds regardless of market direction.

Arm Holdings plc Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →