Forward Industries Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 6227.7× the size of Forward Industries Tokenized Stock (Reality) (RFWDI) by market capitalisation. Their daily returns move barely together (correlation 0.06 across 25 shared trading days). RFWDI has been the more volatile of the two, at 115% annualised against SPCXB's 71%.

Correlation: 0.06
Size ratio: 1 : 6227.7

Forward Industries Tokenized Stock (Reality)RFWDI

$6.4400

24h: +6.14%
Market cap: $29,123
Volume 24h: $1,846
Volatility (ann.): 115%

SpaceX (bStocks Tokenized Stock)SPCXB

$122.2300

24h: -10.41%
Market cap: $181.37M
Volume 24h: $39.91M
Volatility (ann.): 71%

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

Performance

RFWDISPCXB

7 days-12.45%-6.33%SPCXB
30 days+16.97%-21.79%RFWDI
90 days—+17.70%—

Correlation

0.06over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0690d: 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	RFWDI	SPCXB
Max drawdown (400d)	-17.7%	-47.5%
Risk-adjusted return (90d)	0.15	0.28

Relative strength over 90 days: RFWDI outperformed SPCXB by 6.4% — measured on the RFWDI/SPCXB ratio, so it holds regardless of market direction.

Forward Industries Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →