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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 653.5× the size of NIO Tokenized Stock (Reality) (RNIO) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.01 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RNIO's 36%.

Correlation: -0.01
Size ratio: 1 : 653.5

NIO Tokenized Stock (Reality)RNIO

$3.3700

24h: +7.37%
Market cap: $300,974
Volume 24h: $88,953
Volatility (ann.): 36%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.1200

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

RNIO 0.2%Share of the two combined market caps99.8% SPCXB

Performance

RNIOSPCXB

7 days+6.21%-6.33%RNIO
30 days-0.28%-21.79%RNIO
90 days—+17.70%—

Correlation

-0.01over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0190d: 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	RNIO	SPCXB
Max drawdown (400d)	-9.1%	-47.5%
Risk-adjusted return (90d)	-0.01	0.28

Relative strength over 90 days: SPCXB outperformed RNIO by 13.0% — measured on the RNIO/SPCXB ratio, so it holds regardless of market direction.

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