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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 640.5× the size of MercadoLibre Tokenized Stock (Reality) (RMELI) by market capitalisation. Their daily returns move loosely together (correlation 0.51 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RMELI's 49%.

Correlation: 0.51
Size ratio: 1 : 640.5

MercadoLibre Tokenized Stock (Reality)RMELI

$1,633.86

24h: -0.93%
Market cap: $306,896
Volume 24h: $24,683
Volatility (ann.): 49%

SpaceX (bStocks Tokenized Stock)SPCXB

$125.5200

24h: -6.97%
Market cap: $196.57M
Volume 24h: $51.07M
Volatility (ann.): 71%

RMELI 0.2%Share of the two combined market caps99.8% SPCXB

Performance

RMELISPCXB

7 days-1.50%-6.33%RMELI
30 days-1.07%-21.79%RMELI
90 days—+17.70%—

Correlation

0.51over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5190d: 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	RMELI	SPCXB
Max drawdown (400d)	-8.8%	-47.5%
Risk-adjusted return (90d)	-0.02	0.28

Relative strength over 90 days: SPCXB outperformed RMELI by 4.7% — measured on the RMELI/SPCXB ratio, so it holds regardless of market direction.

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