BWX Technologies Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 59853.2× the size of BWX Technologies Tokenized Stock (Reality) (RBWXT) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.04 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RBWXT's 44%.

Correlation: -0.04
Size ratio: 1 : 59853.2

BWX Technologies Tokenized Stock (Reality)RBWXT

$122.2400

24h: -5.00%
Market cap: $3,332
Volume 24h: $129
Volatility (ann.): 44%

SpaceX (bStocks Tokenized Stock)SPCXB

$134.7600

24h: -0.01%
Market cap: $199.41M
Volume 24h: $52.76M
Volatility (ann.): 71%

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

Performance

RBWXTSPCXB

7 days-2.05%-6.33%RBWXT
30 days-7.75%-21.79%RBWXT
90 days—+17.70%—

Correlation

-0.04over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0490d: 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	RBWXT	SPCXB
Max drawdown (400d)	-9.0%	-47.5%
Risk-adjusted return (90d)	-0.18	0.28

Relative strength over 90 days: SPCXB outperformed RBWXT by 10.1% — measured on the RBWXT/SPCXB ratio, so it holds regardless of market direction.

BWX Technologies Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →