AST SpaceMobile Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 222.8× the size of AST SpaceMobile Tokenized Stock (Reality) (RASTS) by market capitalisation. Their daily returns move barely together (correlation 0.33 across 25 shared trading days). Both have run at a similar volatility, around 71% annualised.

Correlation: 0.33
Size ratio: 1 : 222.8

AST SpaceMobile Tokenized Stock (Reality)RASTS

$35.3500

24h: -2.55%
Market cap: $881,492
Volume 24h: $2,742
Volatility (ann.): 70%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.1500

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

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

Performance

RASTSSPCXB

7 days-6.48%-6.33%SPCXB
30 days-6.91%-21.79%RASTS
90 days—+17.70%—

Correlation

0.33over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3390d: 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	RASTS	SPCXB
Max drawdown (400d)	-14.1%	-47.5%
Risk-adjusted return (90d)	-0.10	0.28

Relative strength over 90 days: SPCXB outperformed RASTS by 18.3% — measured on the RASTS/SPCXB ratio, so it holds regardless of market direction.

AST SpaceMobile Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →