Circle Internet Group Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 14.5× the size of Circle Internet Group Tokenized Stock (Reality) (RCRCL) by market capitalisation. Their daily returns move loosely together (correlation 0.40 across 34 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RCRCL's 58%.

Correlation: 0.40
Size ratio: 1 : 14.5

Circle Internet Group Tokenized Stock (Reality)RCRCL

$73.5900

24h: +2.07%
Market cap: $13.72M
Volume 24h: $1.76M
Volatility (ann.): 58%

SpaceX (bStocks Tokenized Stock)SPCXB

$135.5400

24h: -3.98%
Market cap: $199.01M
Volume 24h: $67.79M
Volatility (ann.): 71%

RCRCL 6.4%Share of the two combined market caps93.6% SPCXB

Performance

RCRCLSPCXB

7 days-7.23%-5.60%SPCXB
30 days-8.79%-11.42%RCRCL
90 days—+28.18%—

Correlation

0.40over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4890d: 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	RCRCL	SPCXB
Max drawdown (400d)	-19.1%	-47.5%
Risk-adjusted return (90d)	-0.16	0.45

Relative strength over 90 days: SPCXB outperformed RCRCL by 4.3% — measured on the RCRCL/SPCXB ratio, so it holds regardless of market direction.

Circle Internet Group Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →