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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 6814.4× the size of Cameco Tokenized Stock (Reality) (RCCJ) by market capitalisation. Their daily returns move barely together (correlation 0.28 across 25 shared trading days). SPCXB has been the more volatile of the two, at 74% annualised against RCCJ's 46%.

Correlation: 0.28
Size ratio: 1 : 6814.4

Cameco Tokenized Stock (Reality)RCCJ

$81.1300

24h: +0.61%
Market cap: $21,540
Volume 24h: $398
Volatility (ann.): 46%

SpaceX (bStocks Tokenized Stock)SPCXB

$160.3600

24h: +8.83%
Market cap: $146.78M
Volume 24h: $125.03M
Volatility (ann.): 74%

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

Performance

RCCJSPCXB

7 days-8.46%+1.60%SPCXB
30 days-13.45%+3.95%SPCXB
90 days—+37.36%—

Correlation

0.28over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2890d: 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	RCCJ	SPCXB
Max drawdown (400d)	-13.4%	-47.5%
Risk-adjusted return (90d)	-0.29	0.59

Relative strength over 90 days: SPCXB outperformed RCCJ by 9.3% — measured on the RCCJ/SPCXB ratio, so it holds regardless of market direction.

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