Gemini Space Station Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 23710.3× the size of Gemini Space Station Tokenized Stock (Reality) (RGEMI) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.10 across 25 shared trading days). RGEMI has been the more volatile of the two, at 158% annualised against SPCXB's 71%.

Correlation: -0.10
Size ratio: 1 : 23710.3

Gemini Space Station Tokenized Stock (Reality)RGEMI

$2.7100

24h: +1.52%
Market cap: $8,284
Volume 24h: $22
Volatility (ann.): 158%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.8400

24h: -1.47%
Market cap: $196.41M
Volume 24h: $66.66M
Volatility (ann.): 71%

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

Performance

RGEMISPCXB

7 days-18.28%-6.33%SPCXB
30 days-10.78%-21.79%RGEMI
90 days—+17.70%—

Correlation

-0.10over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1090d: 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	RGEMI	SPCXB
Max drawdown (400d)	-35.4%	-47.5%
Risk-adjusted return (90d)	-0.07	0.28

Relative strength over 90 days: SPCXB outperformed RGEMI by 14.1% — measured on the RGEMI/SPCXB ratio, so it holds regardless of market direction.

Gemini Space Station Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →