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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 1346.2× the size of Moderna Tokenized Stock (Reality) (RMRNA) by market capitalisation. Their daily returns move barely together (correlation 0.17 across 25 shared trading days). RMRNA has been the more volatile of the two, at 99% annualised against SPCXB's 71%.

Correlation: 0.17
Size ratio: 1 : 1346.2

Moderna Tokenized Stock (Reality)RMRNA

$225.2700

24h: +2.25%
Market cap: $147,211
Volume 24h: $29,644
Volatility (ann.): 99%

SpaceX (bStocks Tokenized Stock)SPCXB

$134.5700

24h: -4.79%
Market cap: $198.18M
Volume 24h: $69.59M
Volatility (ann.): 71%

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

Performance

RMRNASPCXB

7 days+18.96%-5.60%RMRNA
30 days+56.86%-11.42%RMRNA
90 days—+28.18%—

Correlation

0.17over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1790d: 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	RMRNA	SPCXB
Max drawdown (400d)	-7.9%	-47.5%
Risk-adjusted return (90d)	0.58	0.45

Relative strength over 90 days: RMRNA outperformed SPCXB by 36.9% — measured on the RMRNA/SPCXB ratio, so it holds regardless of market direction.

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