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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 469.0× the size of Corning Tokenized Stock (Reality) (RGLW) by market capitalisation. Their daily returns move barely together (correlation 0.11 across 25 shared trading days). SPCXB has been the more volatile of the two, at 73% annualised against RGLW's 60%.

Correlation: 0.11
Size ratio: 1 : 469.0

Corning Tokenized Stock (Reality)RGLW

$106.1700

24h: -9.24%
Market cap: $425,436
Volume 24h: $122,244
Volatility (ann.): 60%

SpaceX (bStocks Tokenized Stock)SPCXB

$127.6800

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

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

Performance

RGLWSPCXB

7 days-6.84%-12.85%RGLW
30 days+6.58%-27.86%RGLW
90 days—-8.57%—

Correlation

0.11over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1190d: 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	RGLW	SPCXB
Max drawdown (400d)	-9.7%	-47.5%
Risk-adjusted return (90d)	0.11	-0.15

Relative strength over 90 days: SPCXB outperformed RGLW by 6.5% — measured on the RGLW/SPCXB ratio, so it holds regardless of market direction.

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