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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 90913.6× the size of Cisco Systems Tokenized Stock (Reality) (RCSCO) by market capitalisation. Their daily returns move barely together (correlation 0.06 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RCSCO's 34%.

Correlation: 0.06
Size ratio: 1 : 90913.6

Cisco Systems Tokenized Stock (Reality)RCSCO

$103.2600

24h: —
Market cap: $2,152
Volume 24h: $104,291
Volatility (ann.): 34%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.3800

24h: +1.08%
Market cap: $195.65M
Volume 24h: $48.58M
Volatility (ann.): 71%

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

Performance

RCSCOSPCXB

7 days+2.86%-6.33%RCSCO
30 days+4.92%-21.79%RCSCO
90 days—+17.70%—

Correlation

0.06over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0690d: 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	RCSCO	SPCXB
Max drawdown (400d)	-4.5%	-47.5%
Risk-adjusted return (90d)	0.15	0.28

Relative strength over 90 days: SPCXB outperformed RCSCO by 7.9% — measured on the RCSCO/SPCXB ratio, so it holds regardless of market direction.

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