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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 11491.0× the size of Eaton Tokenized Stock (Reality) (RETN) by market capitalisation. Their daily returns move barely together (correlation 0.03 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RETN's 33%.

Correlation: 0.03
Size ratio: 1 : 11491.0

Eaton Tokenized Stock (Reality)RETN

$351.8400

24h: -8.52%
Market cap: $17,353
Volume 24h: $202,771
Volatility (ann.): 33%

SpaceX (bStocks Tokenized Stock)SPCXB

$134.7600

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

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

Performance

RETNSPCXB

7 days-1.50%-6.33%RETN
30 days+8.71%-21.79%RETN
90 days—+17.70%—

Correlation

0.03over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0390d: 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	RETN	SPCXB
Max drawdown (400d)	-4.8%	-47.5%
Risk-adjusted return (90d)	0.26	0.28

Relative strength over 90 days: SPCXB outperformed RETN by 1.1% — measured on the RETN/SPCXB ratio, so it holds regardless of market direction.

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