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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 3616.5× the size of BlackBerry Tokenized Stock (Reality) (RBB) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.13 across 25 shared trading days). Both have run at a similar volatility, around 71% annualised.

Correlation: -0.13
Size ratio: 1 : 3616.5

BlackBerry Tokenized Stock (Reality)RBB

$8.3700

24h: -3.60%
Market cap: $55,176
Volume 24h: $50,729
Volatility (ann.): 69%

SpaceX (bStocks Tokenized Stock)SPCXB

$127.5600

24h: -5.07%
Market cap: $199.55M
Volume 24h: $61.54M
Volatility (ann.): 73%

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

Performance

RBBSPCXB

7 days-6.78%-12.85%RBB
30 days+11.03%-27.86%RBB
90 days—-8.57%—

Correlation

-0.13over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1390d: 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	RBB	SPCXB
Max drawdown (400d)	-10.0%	-47.5%
Risk-adjusted return (90d)	0.16	-0.15

Relative strength over 90 days: SPCXB outperformed RBB by 2.6% — measured on the RBB/SPCXB ratio, so it holds regardless of market direction.

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