Coca-Cola Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 2178.4× the size of Coca-Cola Tokenized Stock (Reality) (RKO) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.07 across 25 shared trading days). SPCXB has been the more volatile of the two, at 73% annualised against RKO's 15%.

Correlation: -0.07
Size ratio: 1 : 2178.4

Coca-Cola Tokenized Stock (Reality)RKO

$94.8200

24h: -1.55%
Market cap: $91,600
Volume 24h: $169,029
Volatility (ann.): 15%

SpaceX (bStocks Tokenized Stock)SPCXB

$127.6800

24h: -5.07%
Market cap: $199.55M
Volume 24h: $61.54M
Volatility (ann.): 73%

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

Performance

RKOSPCXB

7 days+2.49%-12.85%RKO
30 days-1.05%-27.86%RKO
90 days—-8.57%—

Correlation

-0.07over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0790d: 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	RKO	SPCXB
Max drawdown (400d)	-3.5%	-47.5%
Risk-adjusted return (90d)	-0.07	-0.15

Relative strength over 90 days: SPCXB outperformed RKO by 13.2% — measured on the RKO/SPCXB ratio, so it holds regardless of market direction.

Coca-Cola Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →