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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 15315.2× the size of CrowdStrike Tokenized Stock (Reality) (RCRWD) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.07 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RCRWD's 43%.

Correlation: -0.07
Size ratio: 1 : 15315.2

CrowdStrike Tokenized Stock (Reality)RCRWD

$239.1700

24h: +0.22%
Market cap: $12,142
Volume 24h: $3,653
Volatility (ann.): 43%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.9000

24h: -9.98%
Market cap: $185.96M
Volume 24h: $47.36M
Volatility (ann.): 71%

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

Performance

RCRWDSPCXB

7 days-2.66%-6.33%RCRWD
30 days+8.44%-21.79%RCRWD
90 days—+17.70%—

Correlation

-0.07over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0790d: 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	RCRWD	SPCXB
Max drawdown (400d)	-5.8%	-47.5%
Risk-adjusted return (90d)	0.20	0.28

Relative strength over 90 days: SPCXB outperformed RCRWD by 4.8% — measured on the RCRWD/SPCXB ratio, so it holds regardless of market direction.

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