Mastercard Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 14677.9× the size of Mastercard Tokenized Stock (Reality) (RMA) by market capitalisation. Their daily returns move barely together (correlation 0.07 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RMA's 17%.

Correlation: 0.07
Size ratio: 1 : 14677.9

Mastercard Tokenized Stock (Reality)RMA

$673.6800

24h: +4.35%
Market cap: $13,585
Volume 24h: $594
Volatility (ann.): 17%

SpaceX (bStocks Tokenized Stock)SPCXB

$134.5100

24h: -0.01%
Market cap: $199.41M
Volume 24h: $52.76M
Volatility (ann.): 71%

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

Performance

RMASPCXB

7 days+3.95%-6.33%RMA
30 days+0.29%-21.79%RMA
90 days—+17.70%—

Correlation

0.07over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0790d: 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	RMA	SPCXB
Max drawdown (400d)	-4.2%	-47.5%
Risk-adjusted return (90d)	0.02	0.28

Relative strength over 90 days: SPCXB outperformed RMA by 12.0% — measured on the RMA/SPCXB ratio, so it holds regardless of market direction.

Mastercard Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →