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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 476.8× the size of CoreWeave Tokenized Stock (Reality) (RCRWV) by market capitalisation. Their daily returns move barely together (correlation 0.05 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RCRWV's 56%.

Correlation: 0.05
Size ratio: 1 : 476.8

CoreWeave Tokenized Stock (Reality)RCRWV

$47.5700

24h: -7.41%
Market cap: $418,237
Volume 24h: $81,588
Volatility (ann.): 56%

SpaceX (bStocks Tokenized Stock)SPCXB

$134.5100

24h: -0.01%
Market cap: $199.41M
Volume 24h: $52.76M
Volatility (ann.): 71%

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

Performance

RCRWVSPCXB

7 days-8.68%-6.33%SPCXB
30 days+1.16%-21.79%RCRWV
90 days—+17.70%—

Correlation

0.05over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0590d: 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	RCRWV	SPCXB
Max drawdown (400d)	-11.1%	-47.5%
Risk-adjusted return (90d)	0.02	0.28

Relative strength over 90 days: SPCXB outperformed RCRWV by 11.2% — measured on the RCRWV/SPCXB ratio, so it holds regardless of market direction.

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