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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 88.5× the size of Broadcom Tokenized Stock (Reality) (RAVGO) by market capitalisation. Their daily returns move loosely together (correlation 0.45 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RAVGO's 36%.

Correlation: 0.45
Size ratio: 1 : 88.5

Broadcom Tokenized Stock (Reality)RAVGO

$324.5900

24h: -0.15%
Market cap: $2.28M
Volume 24h: $57,085
Volatility (ann.): 36%

SpaceX (bStocks Tokenized Stock)SPCXB

$135.0100

24h: -5.24%
Market cap: $201.75M
Volume 24h: $72.12M
Volatility (ann.): 71%

RAVGO 1.1%Share of the two combined market caps98.9% SPCXB

Performance

RAVGOSPCXB

7 days+1.85%-5.60%RAVGO
30 days+6.68%-11.42%RAVGO
90 days—+28.18%—

Correlation

0.45over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4590d: 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	RAVGO	SPCXB
Max drawdown (400d)	-5.8%	-47.5%
Risk-adjusted return (90d)	0.18	0.45

Relative strength over 90 days: SPCXB outperformed RAVGO by 6.4% — measured on the RAVGO/SPCXB ratio, so it holds regardless of market direction.

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