Hewlett Packard Enterprise Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 101663.6× the size of Hewlett Packard Enterprise Tokenized Stock (Reality) (RHPE) by market capitalisation. Their daily returns move loosely together (correlation 0.37 across 26 shared trading days). Both have run at a similar volatility, around 70% annualised.

Correlation: 0.37
Size ratio: 1 : 101663.6

Hewlett Packard Enterprise Tokenized Stock (Reality)RHPE

$54.2500

24h: —
Market cap: $1,921
Volume 24h: —
Volatility (ann.): 68%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.6300

24h: -2.81%
Market cap: $195.30M
Volume 24h: $66.65M
Volatility (ann.): 71%

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

Performance

RHPESPCXB

7 days-14.09%-6.33%SPCXB
30 days+10.87%-21.79%RHPE
90 days—+17.70%—

Correlation

0.37over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3790d: 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	RHPE	SPCXB
Max drawdown (400d)	-15.9%	-47.5%
Risk-adjusted return (90d)	0.16	0.28

Relative strength over 90 days: RHPE outperformed SPCXB by 6.8% — measured on the RHPE/SPCXB ratio, so it holds regardless of market direction.

Hewlett Packard Enterprise Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →