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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 623.1× the size of Coherent Tokenized Stock (Reality) (RCOHR) by market capitalisation. Their daily returns move barely together (correlation 0.31 across 25 shared trading days). RCOHR has been the more volatile of the two, at 83% annualised against SPCXB's 71%.

Correlation: 0.31
Size ratio: 1 : 623.1

Coherent Tokenized Stock (Reality)RCOHR

$203.6200

24h: +0.72%
Market cap: $315,669
Volume 24h: $24,562
Volatility (ann.): 83%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.1200

24h: -1.47%
Market cap: $196.69M
Volume 24h: $57.44M
Volatility (ann.): 71%

RCOHR 0.2%Share of the two combined market caps99.8% SPCXB

Performance

RCOHRSPCXB

7 days-9.45%-6.33%SPCXB
30 days+12.61%-21.79%RCOHR
90 days—+17.70%—

Correlation

0.31over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3190d: 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	RCOHR	SPCXB
Max drawdown (400d)	-12.1%	-47.5%
Risk-adjusted return (90d)	0.15	0.28

Relative strength over 90 days: SPCXB outperformed RCOHR by 1.2% — measured on the RCOHR/SPCXB ratio, so it holds regardless of market direction.

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