Micron Technology Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 32.8× the size of Micron Technology Tokenized Stock (Reality) (RMU) by market capitalisation. Their daily returns move barely together (correlation 0.04 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RMU's 50%.

Correlation: 0.04
Size ratio: 1 : 32.8

Micron Technology Tokenized Stock (Reality)RMU

$836.4200

24h: -1.09%
Market cap: $6.05M
Volume 24h: $505,701
Volatility (ann.): 50%

SpaceX (bStocks Tokenized Stock)SPCXB

$134.0400

24h: -5.02%
Market cap: $198.24M
Volume 24h: $69.93M
Volatility (ann.): 71%

RMU 3.0%Share of the two combined market caps97.0% SPCXB

Performance

RMUSPCXB

7 days-3.58%-5.60%RMU
30 days+11.76%-11.42%RMU
90 days—+28.18%—

Correlation

0.04over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0490d: 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	RMU	SPCXB
Max drawdown (400d)	-5.7%	-47.5%
Risk-adjusted return (90d)	0.24	0.45

Relative strength over 90 days: SPCXB outperformed RMU by 1.9% — measured on the RMU/SPCXB ratio, so it holds regardless of market direction.

Micron Technology Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →