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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 18267.0× the size of Gitlab Tokenized Stock (Reality) (RGTLB) by market capitalisation. Their daily returns move barely together (correlation 0.06 across 26 shared trading days). SPCXB has been the more volatile of the two, at 73% annualised against RGTLB's 39%.

Correlation: 0.06
Size ratio: 1 : 18267.0

Gitlab Tokenized Stock (Reality)RGTLB

$48.3500

24h: —
Market cap: $11,100
Volume 24h: $47
Volatility (ann.): 39%

SpaceX (bStocks Tokenized Stock)SPCXB

$128.7100

24h: -4.18%
Market cap: $202.76M
Volume 24h: $76.36M
Volatility (ann.): 73%

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

Performance

RGTLBSPCXB

7 days+8.51%-12.85%RGTLB
30 days+13.84%-27.86%RGTLB
90 days—-8.57%—

Correlation

0.06over 26 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	RGTLB	SPCXB
Max drawdown (400d)	-8.0%	-47.5%
Risk-adjusted return (90d)	0.36	-0.15

Relative strength over 90 days: RGTLB outperformed SPCXB by 3.5% — measured on the RGTLB/SPCXB ratio, so it holds regardless of market direction.

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