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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 18570.3× the size of PayPal Tokenized Stock (Reality) (RPYPL) by market capitalisation. Their daily returns move barely together (correlation 0.05 across 26 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RPYPL's 28%.

Correlation: 0.05
Size ratio: 1 : 18570.3

PayPal Tokenized Stock (Reality)RPYPL

$60.0800

24h: +4.17%
Market cap: $10,517
Volume 24h: $4,259
Volatility (ann.): 28%

SpaceX (bStocks Tokenized Stock)SPCXB

$131.9200

24h: -0.60%
Market cap: $195.30M
Volume 24h: $43.16M
Volatility (ann.): 71%

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

Performance

RPYPLSPCXB

7 days+2.94%-6.33%RPYPL
30 days+4.19%-21.79%RPYPL
90 days—+17.70%—

Correlation

0.05over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0590d: 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	RPYPL	SPCXB
Max drawdown (400d)	-5.0%	-47.5%
Risk-adjusted return (90d)	0.15	0.28

Relative strength over 90 days: SPCXB outperformed RPYPL by 1.1% — measured on the RPYPL/SPCXB ratio, so it holds regardless of market direction.

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