BitGo Holdings Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 2775.6× the size of BitGo Holdings Tokenized Stock (Reality) (RBTGO) by market capitalisation. Their daily returns move barely together (correlation 0.10 across 25 shared trading days). RBTGO has been the more volatile of the two, at 96% annualised against SPCXB's 71%.

Correlation: 0.10
Size ratio: 1 : 2775.6

BitGo Holdings Tokenized Stock (Reality)RBTGO

$5.5500

24h: —
Market cap: $70,362
Volume 24h: $51
Volatility (ann.): 96%

SpaceX (bStocks Tokenized Stock)SPCXB

$131.9200

24h: -0.60%
Market cap: $195.30M
Volume 24h: $43.16M
Volatility (ann.): 71%

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

Performance

RBTGOSPCXB

7 days-14.27%-6.33%SPCXB
30 days-12.72%-21.79%RBTGO
90 days—+17.70%—

Correlation

0.10over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1090d: 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	RBTGO	SPCXB
Max drawdown (400d)	-24.4%	-47.5%
Risk-adjusted return (90d)	-0.13	0.28

Relative strength over 90 days: SPCXB outperformed RBTGO by 15.9% — measured on the RBTGO/SPCXB ratio, so it holds regardless of market direction.

BitGo Holdings Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →