SpaceX (bStocks Tokenized Stock) (SPCXB) is 600.4× the size of Oklo Tokenized Stock (Reality) (ROKLO) by market capitalisation. Their daily returns move barely together (correlation 0.20 across 25 shared trading days). Both have run at a similar volatility, around 71% annualised.
$22.8400
$135.0900
ROKLOSPCXB
0.20over 25 shared trading days
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.
| Metric | ROKLO | SPCXB |
|---|---|---|
| Max drawdown (400d) | -14.5% | -47.5% |
| Risk-adjusted return (90d) | -0.05 | 0.45 |
Relative strength over 90 days: SPCXB outperformed ROKLO by 15.5% — measured on the ROKLO/SPCXB ratio, so it holds regardless of market direction.