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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 17763.3× the size of GlobalFoundries Tokenized Stock (Reality) (RGFS) by market capitalisation. Their daily returns move barely together (correlation 0.27 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RGFS's 60%.

Correlation: 0.27
Size ratio: 1 : 17763.3

GlobalFoundries Tokenized Stock (Reality)RGFS

$39.6700

24h: -6.90%
Market cap: $10,469
Volume 24h: $31,874
Volatility (ann.): 60%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.9000

24h: -9.98%
Market cap: $185.96M
Volume 24h: $47.36M
Volatility (ann.): 71%

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

Performance

RGFSSPCXB

7 days-9.79%-6.33%SPCXB
30 days-13.40%-21.79%RGFS
90 days—+17.70%—

Correlation

0.27over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2790d: 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	RGFS	SPCXB
Max drawdown (400d)	-15.3%	-47.5%
Risk-adjusted return (90d)	-0.22	0.28

Relative strength over 90 days: RGFS outperformed SPCXB by 5.8% — measured on the RGFS/SPCXB ratio, so it holds regardless of market direction.

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