NextEra Energy Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 45659.5× the size of NextEra Energy Tokenized Stock (Reality) (RNEE) by market capitalisation. Their daily returns move barely together (correlation 0.07 across 26 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RNEE's 22%.

Correlation: 0.07
Size ratio: 1 : 45659.5

NextEra Energy Tokenized Stock (Reality)RNEE

$88.5400

24h: +4.53%
Market cap: $4,317
Volume 24h: $8,059
Volatility (ann.): 22%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.9200

24h: -1.69%
Market cap: $197.13M
Volume 24h: $66.32M
Volatility (ann.): 71%

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

Performance

RNEESPCXB

7 days+3.13%-6.33%RNEE
30 days-2.88%-21.79%RNEE
90 days—+17.70%—

Correlation

0.07over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0790d: 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	RNEE	SPCXB
Max drawdown (400d)	-7.0%	-47.5%
Risk-adjusted return (90d)	-0.13	0.28

Relative strength over 90 days: SPCXB outperformed RNEE by 11.7% — measured on the RNEE/SPCXB ratio, so it holds regardless of market direction.

NextEra Energy Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →