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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 6364.4× the size of Costco Tokenized Stock (Reality) (RCOST) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.28 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RCOST's 20%.

Correlation: -0.28
Size ratio: 1 : 6364.4

Costco Tokenized Stock (Reality)RCOST

$1,050.75

24h: +3.26%
Market cap: $30,407
Volume 24h: $71
Volatility (ann.): 20%

SpaceX (bStocks Tokenized Stock)SPCXB

$122.4000

24h: -9.44%
Market cap: $193.52M
Volume 24h: $55.57M
Volatility (ann.): 71%

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

Performance

RCOSTSPCXB

7 days+6.21%-6.33%RCOST
30 days+8.16%-21.79%RCOST
90 days—+17.70%—

Correlation

-0.28over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2890d: 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	RCOST	SPCXB
Max drawdown (400d)	-1.5%	-47.5%
Risk-adjusted return (90d)	0.41	0.28

Relative strength over 90 days: RCOST outperformed SPCXB by 4.2% — measured on the RCOST/SPCXB ratio, so it holds regardless of market direction.

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