Linde plc Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 7552.5× the size of Linde plc Tokenized Stock (Reality) (RLIN) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.16 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RLIN's 19%.

Correlation: -0.16
Size ratio: 1 : 7552.5

Linde plc Tokenized Stock (Reality)RLIN

$523.6400

24h: +2.95%
Market cap: $24,623
Volume 24h: $23,317
Volatility (ann.): 19%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.1500

24h: -9.98%
Market cap: $185.96M
Volume 24h: $47.36M
Volatility (ann.): 71%

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

Performance

RLINSPCXB

7 days+3.83%-6.33%RLIN
30 days+9.79%-21.79%RLIN
90 days—+17.70%—

Correlation

-0.16over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1690d: 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	RLIN	SPCXB
Max drawdown (400d)	-1.8%	-47.5%
Risk-adjusted return (90d)	0.51	0.28

Relative strength over 90 days: RLIN outperformed SPCXB by 16.8% — measured on the RLIN/SPCXB ratio, so it holds regardless of market direction.

Linde plc Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →