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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 7655.8× the size of GameStop Tokenized Stock (Reality) (RGME) by market capitalisation. Their daily returns move barely together (correlation 0.04 across 26 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RGME's 50%.

Correlation: 0.04
Size ratio: 1 : 7655.8

GameStop Tokenized Stock (Reality)RGME

$25.1500

24h: +4.44%
Market cap: $25,278
Volume 24h: $5,126
Volatility (ann.): 50%

SpaceX (bStocks Tokenized Stock)SPCXB

$122.7400

24h: -9.44%
Market cap: $193.52M
Volume 24h: $55.57M
Volatility (ann.): 71%

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

Performance

RGMESPCXB

7 days+9.82%-6.33%RGME
30 days+29.46%-21.79%RGME
90 days—+17.70%—

Correlation

0.04over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0490d: 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	RGME	SPCXB
Max drawdown (400d)	-6.4%	-47.5%
Risk-adjusted return (90d)	0.59	0.28

Relative strength over 90 days: RGME outperformed SPCXB by 22.9% — measured on the RGME/SPCXB ratio, so it holds regardless of market direction.

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