MARA Holdings Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 844.7× the size of MARA Holdings Tokenized Stock (Reality) (RMARA) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.01 across 25 shared trading days). Both have run at a similar volatility, around 73% annualised.

Correlation: -0.01
Size ratio: 1 : 844.7

MARA Holdings Tokenized Stock (Reality)RMARA

$6.9100

24h: -0.39%
Market cap: $231,215
Volume 24h: $14,092
Volatility (ann.): 75%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.1400

24h: -0.60%
Market cap: $195.30M
Volume 24h: $43.16M
Volatility (ann.): 71%

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

Performance

RMARASPCXB

7 days-12.00%-6.33%SPCXB
30 days-11.76%-21.79%RMARA
90 days—+17.70%—

Correlation

-0.01over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0190d: 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	RMARA	SPCXB
Max drawdown (400d)	-27.5%	-47.5%
Risk-adjusted return (90d)	-0.16	0.28

Relative strength over 90 days: SPCXB outperformed RMARA by 22.6% — measured on the RMARA/SPCXB ratio, so it holds regardless of market direction.

MARA Holdings Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →