Home Depot Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 11873.7× the size of Home Depot Tokenized Stock (Reality) (RHD) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.18 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RHD's 28%.

Correlation: -0.18
Size ratio: 1 : 11873.7

Home Depot Tokenized Stock (Reality)RHD

$319.2700

24h: —
Market cap: $15,472
Volume 24h: —
Volatility (ann.): 28%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.5700

24h: -11.19%
Market cap: $183.71M
Volume 24h: $35.96M
Volatility (ann.): 71%

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

Performance

RHDSPCXB

7 days+4.12%-6.33%RHD
30 days-3.65%-21.79%RHD
90 days—+17.70%—

Correlation

-0.18over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1890d: 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	RHD	SPCXB
Max drawdown (400d)	-8.3%	-47.5%
Risk-adjusted return (90d)	-0.13	0.28

Relative strength over 90 days: SPCXB outperformed RHD by 7.2% — measured on the RHD/SPCXB ratio, so it holds regardless of market direction.

Home Depot Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →