Figure Technology Solutions Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 4123.9× the size of Figure Technology Solutions Tokenized Stock (Reality) (RFIGR) by market capitalisation. Their daily returns move barely together (correlation 0.18 across 25 shared trading days). Both have run at a similar volatility, around 78% annualised.

Correlation: 0.18
Size ratio: 1 : 4123.9

Figure Technology Solutions Tokenized Stock (Reality)RFIGR

$21.0200

24h: -8.93%
Market cap: $48,277
Volume 24h: $12,162
Volatility (ann.): 83%

SpaceX (bStocks Tokenized Stock)SPCXB

$127.4900

24h: -5.25%
Market cap: $199.09M
Volume 24h: $64.36M
Volatility (ann.): 73%

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

Performance

RFIGRSPCXB

7 days-9.87%-12.85%RFIGR
30 days-25.05%-27.86%RFIGR
90 days—-8.57%—

Correlation

0.18over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1890d: 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	RFIGR	SPCXB
Max drawdown (400d)	-32.9%	-47.5%
Risk-adjusted return (90d)	-0.30	-0.15

Relative strength over 90 days: SPCXB outperformed RFIGR by 27.8% — measured on the RFIGR/SPCXB ratio, so it holds regardless of market direction.

Figure Technology Solutions Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →