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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 5202.4× the size of Boeing Tokenized Stock (Reality) (RBA) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.23 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RBA's 39%.

Correlation: -0.23
Size ratio: 1 : 5202.4

Boeing Tokenized Stock (Reality)RBA

$172.8900

24h: -1.24%
Market cap: $37,541
Volume 24h: $10
Volatility (ann.): 39%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.4400

24h: -2.81%
Market cap: $195.30M
Volume 24h: $66.65M
Volatility (ann.): 71%

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

Performance

RBASPCXB

7 days-2.27%-6.33%RBA
30 days-9.59%-21.79%RBA
90 days—+17.70%—

Correlation

-0.23over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2390d: 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	RBA	SPCXB
Max drawdown (400d)	-12.0%	-47.5%
Risk-adjusted return (90d)	-0.24	0.28

Relative strength over 90 days: SPCXB outperformed RBA by 17.8% — measured on the RBA/SPCXB ratio, so it holds regardless of market direction.

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