Grab Holdings Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 4068.4× the size of Grab Holdings Tokenized Stock (Reality) (RGRAB) by market capitalisation. Their daily returns move barely together (correlation 0.20 across 26 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RGRAB's 53%.

Correlation: 0.20
Size ratio: 1 : 4068.4

Grab Holdings Tokenized Stock (Reality)RGRAB

$3.3400

24h: +8.49%
Market cap: $48,004
Volume 24h: $1,737
Volatility (ann.): 53%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.1400

24h: -0.60%
Market cap: $195.30M
Volume 24h: $43.16M
Volatility (ann.): 71%

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

Performance

RGRABSPCXB

7 days-5.68%-6.33%RGRAB
30 days+3.10%-21.79%RGRAB
90 days—+17.70%—

Correlation

0.20over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2090d: 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	RGRAB	SPCXB
Max drawdown (400d)	-6.9%	-47.5%
Risk-adjusted return (90d)	0.06	0.28

Relative strength over 90 days: SPCXB outperformed RGRAB by 2.1% — measured on the RGRAB/SPCXB ratio, so it holds regardless of market direction.

Grab Holdings Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →