Novo Nordisk Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 654.1× the size of Novo Nordisk Tokenized Stock (Reality) (RNVO) by market capitalisation. Their daily returns move barely together (correlation 0.13 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RNVO's 39%.

Correlation: 0.13
Size ratio: 1 : 654.1

Novo Nordisk Tokenized Stock (Reality)RNVO

$41.9400

24h: +5.07%
Market cap: $300,214
Volume 24h: $26,688
Volatility (ann.): 39%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.1500

24h: -1.33%
Market cap: $196.38M
Volume 24h: $57.23M
Volatility (ann.): 71%

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

Performance

RNVOSPCXB

7 days+2.20%-6.33%RNVO
30 days-10.26%-21.79%RNVO
90 days—+17.70%—

Correlation

0.13over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1390d: 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	RNVO	SPCXB
Max drawdown (400d)	-13.8%	-47.5%
Risk-adjusted return (90d)	-0.26	0.28

Relative strength over 90 days: SPCXB outperformed RNVO by 21.3% — measured on the RNVO/SPCXB ratio, so it holds regardless of market direction.

Novo Nordisk Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →