Johnson & Johnson Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 20545.5× the size of Johnson & Johnson Tokenized Stock (Reality) (RJNJ) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.00 across 25 shared trading days). SPCXB has been the more volatile of the two, at 73% annualised against RJNJ's 33%.

Correlation: -0.00
Size ratio: 1 : 20545.5

Johnson & Johnson Tokenized Stock (Reality)RJNJ

$272.8000

24h: -1.96%
Market cap: $9,618
Volume 24h: $49
Volatility (ann.): 33%

SpaceX (bStocks Tokenized Stock)SPCXB

$126.5200

24h: -5.95%
Market cap: $197.61M
Volume 24h: $62.11M
Volatility (ann.): 73%

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

Performance

RJNJSPCXB

7 days+3.70%-12.85%RJNJ
30 days-4.30%-27.86%RJNJ
90 days—-8.57%—

Correlation

-0.00over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0090d: 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	RJNJ	SPCXB
Max drawdown (400d)	-8.6%	-47.5%
Risk-adjusted return (90d)	-0.13	-0.15

Relative strength over 90 days: SPCXB outperformed RJNJ by 6.7% — measured on the RJNJ/SPCXB ratio, so it holds regardless of market direction.

Johnson & Johnson Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →