Goldman Sachs Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 3105.2× the size of Goldman Sachs Tokenized Stock (Reality) (RGS) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.15 across 25 shared trading days). SPCXB has been the more volatile of the two, at 73% annualised against RGS's 25%.

Correlation: -0.15
Size ratio: 1 : 3105.2

Goldman Sachs Tokenized Stock (Reality)RGS

$865.1300

24h: -6.94%
Market cap: $66,409
Volume 24h: $1,048
Volatility (ann.): 25%

SpaceX (bStocks Tokenized Stock)SPCXB

$131.7700

24h: +5.77%
Market cap: $206.21M
Volume 24h: $92.87M
Volatility (ann.): 73%

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

Performance

RGSSPCXB

7 days+0.44%-12.85%RGS
30 days-7.96%-27.86%RGS
90 days—-8.57%—

Correlation

-0.15over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1590d: 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	RGS	SPCXB
Max drawdown (400d)	-9.6%	-47.5%
Risk-adjusted return (90d)	-0.32	-0.15

Relative strength over 90 days: SPCXB outperformed RGS by 16.3% — measured on the RGS/SPCXB ratio, so it holds regardless of market direction.

Goldman Sachs Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →