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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 26734.3× the size of Chevron Tokenized Stock (Reality) (RCVX) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.45 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RCVX's 24%.

Correlation: -0.45
Size ratio: 1 : 26734.3

Chevron Tokenized Stock (Reality)RCVX

$216.7400

24h: -3.39%
Market cap: $7,239
Volume 24h: $17,976
Volatility (ann.): 24%

SpaceX (bStocks Tokenized Stock)SPCXB

$122.7400

24h: -9.44%
Market cap: $193.52M
Volume 24h: $55.57M
Volatility (ann.): 71%

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

Performance

RCVXSPCXB

7 days+3.99%-6.33%RCVX
30 days-1.35%-21.79%RCVX
90 days—+17.70%—

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	RCVX	SPCXB
Max drawdown (400d)	-7.0%	-47.5%
Risk-adjusted return (90d)	-0.06	0.28

Relative strength over 90 days: SPCXB outperformed RCVX by 10.3% — measured on the RCVX/SPCXB ratio, so it holds regardless of market direction.

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