Lam Research Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 1669.6× the size of Lam Research Tokenized Stock (Reality) (RLRCX) by market capitalisation. Their daily returns move barely together (correlation 0.03 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RLRCX's 45%.

Correlation: 0.03
Size ratio: 1 : 1669.6

Lam Research Tokenized Stock (Reality)RLRCX

$216.4400

24h: -3.01%
Market cap: $110,034
Volume 24h: $10,621
Volatility (ann.): 45%

SpaceX (bStocks Tokenized Stock)SPCXB

$124.3500

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

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

Performance

RLRCXSPCXB

7 days-7.96%-6.33%SPCXB
30 days+18.11%-21.79%RLRCX
90 days—+17.70%—

Correlation

0.03over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0390d: 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	RLRCX	SPCXB
Max drawdown (400d)	-8.4%	-47.5%
Risk-adjusted return (90d)	0.40	0.28

Relative strength over 90 days: RLRCX outperformed SPCXB by 3.6% — measured on the RLRCX/SPCXB ratio, so it holds regardless of market direction.

Lam Research Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →