Credo Technology Group Holding Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 4255.2× the size of Credo Technology Group Holding Tokenized Stock (Reality) (RCRDO) by market capitalisation. Their daily returns move barely together (correlation 0.19 across 26 shared trading days). Both have run at a similar volatility, around 75% annualised.

Correlation: 0.19
Size ratio: 1 : 4255.2

Credo Technology Group Holding Tokenized Stock (Reality)RCRDO

$133.0300

24h: -9.11%
Market cap: $46,222
Volume 24h: $81,038
Volatility (ann.): 79%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.1200

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

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

Performance

RCRDOSPCXB

7 days-7.02%-6.33%SPCXB
30 days+31.63%-21.79%RCRDO
90 days—+17.70%—

Correlation

0.19over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1990d: 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	RCRDO	SPCXB
Max drawdown (400d)	-10.5%	-47.5%
Risk-adjusted return (90d)	0.40	0.28

Relative strength over 90 days: RCRDO outperformed SPCXB by 19.7% — measured on the RCRDO/SPCXB ratio, so it holds regardless of market direction.

Credo Technology Group Holding Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →