Eli Lilly Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 5082.5× the size of Eli Lilly Tokenized Stock (Reality) (RLLY) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.02 across 26 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RLLY's 21%.

Correlation: -0.02
Size ratio: 1 : 5082.5

Eli Lilly Tokenized Stock (Reality)RLLY

$1,429.01

24h: +0.48%
Market cap: $36,589
Volume 24h: $730
Volatility (ann.): 21%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.5800

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

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

Performance

RLLYSPCXB

7 days+3.22%-6.33%RLLY
30 days+3.86%-21.79%RLLY
90 days—+17.70%—

Correlation

-0.02over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0290d: 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	RLLY	SPCXB
Max drawdown (400d)	-3.5%	-47.5%
Risk-adjusted return (90d)	0.19	0.28

Relative strength over 90 days: SPCXB outperformed RLLY by 5.5% — measured on the RLLY/SPCXB ratio, so it holds regardless of market direction.

Eli Lilly Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →