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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 231.4× the size of Nike Tokenized Stock (Reality) (RNKE) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.38 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RNKE's 24%.

Correlation: -0.38
Size ratio: 1 : 231.4

Nike Tokenized Stock (Reality)RNKE

$40.3700

24h: +5.42%
Market cap: $850,064
Volume 24h: $64,195
Volatility (ann.): 24%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.1200

24h: -1.47%
Market cap: $196.69M
Volume 24h: $57.44M
Volatility (ann.): 71%

RNKE 0.4%Share of the two combined market caps99.6% SPCXB

Performance

RNKESPCXB

7 days+2.30%-6.33%RNKE
30 days-4.12%-21.79%RNKE
90 days—+17.70%—

Correlation

-0.38over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3890d: 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	RNKE	SPCXB
Max drawdown (400d)	-6.9%	-47.5%
Risk-adjusted return (90d)	-0.17	0.28

Relative strength over 90 days: SPCXB outperformed RNKE by 15.9% — measured on the RNKE/SPCXB ratio, so it holds regardless of market direction.

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