MP Materials Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 1578.8× the size of MP Materials Tokenized Stock (Reality) (RMP) by market capitalisation. Their daily returns move barely together (correlation 0.26 across 25 shared trading days). SPCXB has been the more volatile of the two, at 73% annualised against RMP's 49%.

Correlation: 0.26
Size ratio: 1 : 1578.8

MP Materials Tokenized Stock (Reality)RMP

$34.6900

24h: -2.99%
Market cap: $126,394
Volume 24h: $62,230
Volatility (ann.): 49%

SpaceX (bStocks Tokenized Stock)SPCXB

$127.6800

24h: -5.07%
Market cap: $199.55M
Volume 24h: $61.54M
Volatility (ann.): 73%

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

Performance

RMPSPCXB

7 days-1.81%-12.85%RMP
30 days-6.08%-27.86%RMP
90 days—-8.57%—

Correlation

0.26over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2690d: 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	RMP	SPCXB
Max drawdown (400d)	-11.0%	-47.5%
Risk-adjusted return (90d)	-0.12	-0.15

Relative strength over 90 days: SPCXB outperformed RMP by 18.1% — measured on the RMP/SPCXB ratio, so it holds regardless of market direction.

MP Materials Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →