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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 38090.1× the size of MongoDB Tokenized Stock (Reality) (RMDB) by market capitalisation. Their daily returns move barely together (correlation 0.19 across 25 shared trading days). RMDB has been the more volatile of the two, at 87% annualised against SPCXB's 71%.

Correlation: 0.19
Size ratio: 1 : 38090.1

MongoDB Tokenized Stock (Reality)RMDB

$325.0400

24h: -1.09%
Market cap: $5,141
Volume 24h: $978
Volatility (ann.): 87%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.5200

24h: -8.86%
Market cap: $195.83M
Volume 24h: $54.37M
Volatility (ann.): 71%

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

Performance

RMDBSPCXB

7 days+7.89%-6.33%RMDB
30 days+2.31%-21.79%RMDB
90 days—+17.70%—

Correlation

0.19over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1990d: 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	RMDB	SPCXB
Max drawdown (400d)	-21.9%	-47.5%
Risk-adjusted return (90d)	0.03	0.28

Relative strength over 90 days: SPCXB outperformed RMDB by 10.7% — measured on the RMDB/SPCXB ratio, so it holds regardless of market direction.

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