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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 17.7× the size of Strategy Tokenized Stock (Reality) (RMSTR) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.10 across 25 shared trading days). RMSTR has been the more volatile of the two, at 85% annualised against SPCXB's 71%.

Correlation: -0.10
Size ratio: 1 : 17.7

Strategy Tokenized Stock (Reality)RMSTR

$132.0100

24h: +0.30%
Market cap: $11.13M
Volume 24h: $1.47M
Volatility (ann.): 85%

SpaceX (bStocks Tokenized Stock)SPCXB

$134.3000

24h: -4.48%
Market cap: $197.62M
Volume 24h: $70.19M
Volatility (ann.): 71%

RMSTR 5.3%Share of the two combined market caps94.7% SPCXB

Performance

RMSTRSPCXB

7 days-5.16%-5.60%RMSTR
30 days+17.03%-11.42%RMSTR
90 days—+28.18%—

Correlation

-0.10over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1090d: 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	RMSTR	SPCXB
Max drawdown (400d)	-10.2%	-47.5%
Risk-adjusted return (90d)	0.20	0.45

Relative strength over 90 days: RMSTR outperformed SPCXB by 2.7% — measured on the RMSTR/SPCXB ratio, so it holds regardless of market direction.

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