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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 4380.6× the size of Bilibili Tokenized Stock (Reality) (RBILI) by market capitalisation. Their daily returns move barely together (correlation 0.01 across 27 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RBILI's 41%.

Correlation: 0.01
Size ratio: 1 : 4380.6

Bilibili Tokenized Stock (Reality)RBILI

$14.5000

24h: +10.14%
Market cap: $45,383
Volume 24h: $223
Volatility (ann.): 41%

SpaceX (bStocks Tokenized Stock)SPCXB

$126.7200

24h: -5.74%
Market cap: $198.80M
Volume 24h: $51.96M
Volatility (ann.): 71%

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

Performance

RBILISPCXB

7 days-4.43%-6.33%RBILI
30 days-7.89%-21.79%RBILI
90 days—+17.70%—

Correlation

0.01over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0190d: 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	RBILI	SPCXB
Max drawdown (400d)	-8.1%	-47.5%
Risk-adjusted return (90d)	-0.19	0.28

Relative strength over 90 days: SPCXB outperformed RBILI by 11.3% — measured on the RBILI/SPCXB ratio, so it holds regardless of market direction.

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