Intuitive Surgical Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 1263.4× the size of Intuitive Surgical Tokenized Stock (Reality) (RISRG) by market capitalisation. Their daily returns move barely together (correlation 0.09 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RISRG's 27%.

Correlation: 0.09
Size ratio: 1 : 1263.4

Intuitive Surgical Tokenized Stock (Reality)RISRG

$478.7600

24h: +9.84%
Market cap: $144,681
Volume 24h: $21,737
Volatility (ann.): 27%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.4200

24h: -10.39%
Market cap: $182.78M
Volume 24h: $46.58M
Volatility (ann.): 71%

RISRG 0.1%Share of the two combined market caps99.9% SPCXB

Performance

RISRGSPCXB

7 days+5.96%-6.33%RISRG
30 days+10.13%-21.79%RISRG
90 days—+17.70%—

Correlation

0.09over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0990d: 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	RISRG	SPCXB
Max drawdown (400d)	-5.6%	-47.5%
Risk-adjusted return (90d)	0.38	0.28

Relative strength over 90 days: SPCXB outperformed RISRG by 3.4% — measured on the RISRG/SPCXB ratio, so it holds regardless of market direction.

Intuitive Surgical Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →