Cerebras Systems Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 122.0× the size of Cerebras Systems Tokenized Stock (Reality) (RCBRS) by market capitalisation. Their daily returns move loosely together (correlation 0.43 across 25 shared trading days). Both have run at a similar volatility, around 67% annualised.

Correlation: 0.43
Size ratio: 1 : 122.0

Cerebras Systems Tokenized Stock (Reality)RCBRS

$90.3100

24h: -6.14%
Market cap: $1.61M
Volume 24h: $4,281
Volatility (ann.): 63%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.1500

24h: -1.33%
Market cap: $196.38M
Volume 24h: $57.23M
Volatility (ann.): 71%

RCBRS 0.8%Share of the two combined market caps99.2% SPCXB

Performance

RCBRSSPCXB

7 days-4.26%-6.33%RCBRS
30 days-10.71%-21.79%RCBRS
90 days—+17.70%—

Correlation

0.43over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4390d: 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	RCBRS	SPCXB
Max drawdown (400d)	-22.6%	-47.5%
Risk-adjusted return (90d)	-0.17	0.28

Relative strength over 90 days: SPCXB outperformed RCBRS by 22.1% — measured on the RCBRS/SPCXB ratio, so it holds regardless of market direction.

Cerebras Systems Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →