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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 24419.0× the size of Comcast Tokenized Stock (Reality) (RCMCSA) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.22 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RCMCSA's 37%.

Correlation: -0.22
Size ratio: 1 : 24419.0

Comcast Tokenized Stock (Reality)RCMCSA

$23.5600

24h: -0.95%
Market cap: $8,244
Volume 24h: $1,265
Volatility (ann.): 37%

SpaceX (bStocks Tokenized Stock)SPCXB

$134.1600

24h: -2.63%
Market cap: $201.32M
Volume 24h: $67.36M
Volatility (ann.): 71%

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

Performance

RCMCSASPCXB

7 days+9.12%-6.33%RCMCSA
30 days+10.34%-21.79%RCMCSA
90 days—+17.70%—

Correlation

-0.22over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2290d: 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	RCMCSA	SPCXB
Max drawdown (400d)	-5.5%	-47.5%
Risk-adjusted return (90d)	0.28	0.28

Relative strength over 90 days: RCMCSA outperformed SPCXB by 34.8% — measured on the RCMCSA/SPCXB ratio, so it holds regardless of market direction.

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