BitMine Immersion Technologies Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 285.8× the size of BitMine Immersion Technologies Tokenized Stock (Reality) (RBMNR) by market capitalisation. Their daily returns move barely together (correlation 0.02 across 25 shared trading days). Both have run at a similar volatility, around 70% annualised.

Correlation: 0.02
Size ratio: 1 : 285.8

BitMine Immersion Technologies Tokenized Stock (Reality)RBMNR

$19.8700

24h: +1.09%
Market cap: $689,984
Volume 24h: $116,191
Volatility (ann.): 68%

SpaceX (bStocks Tokenized Stock)SPCXB

$134.3200

24h: -3.52%
Market cap: $197.19M
Volume 24h: $68.83M
Volatility (ann.): 71%

RBMNR 0.3%Share of the two combined market caps99.7% SPCXB

Performance

RBMNRSPCXB

7 days-8.56%-6.33%SPCXB
30 days+1.91%-21.79%RBMNR
90 days—+17.70%—

Correlation

0.02over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0290d: 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	RBMNR	SPCXB
Max drawdown (400d)	-16.4%	-47.5%
Risk-adjusted return (90d)	0.03	0.28

Relative strength over 90 days: SPCXB outperformed RBMNR by 10.6% — measured on the RBMNR/SPCXB ratio, so it holds regardless of market direction.

BitMine Immersion Technologies Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →