Plug Power Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 27345.2× the size of Plug Power Tokenized Stock (Reality) (RPLUG) by market capitalisation. Their daily returns move loosely together (correlation 0.57 across 25 shared trading days). SPCXB has been the more volatile of the two, at 73% annualised against RPLUG's 53%.

Correlation: 0.57
Size ratio: 1 : 27345.2

Plug Power Tokenized Stock (Reality)RPLUG

$1.4800

24h: —
Market cap: $7,380
Volume 24h: $5,417
Volatility (ann.): 53%

SpaceX (bStocks Tokenized Stock)SPCXB

$127.6200

24h: -5.04%
Market cap: $201.81M
Volume 24h: $60.61M
Volatility (ann.): 73%

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

Performance

RPLUGSPCXB

7 days-20.11%-12.85%SPCXB
30 days-30.58%-27.86%SPCXB
90 days—-8.57%—

Correlation

0.57over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5790d: 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	RPLUG	SPCXB
Max drawdown (400d)	-32.5%	-47.5%
Risk-adjusted return (90d)	-0.58	-0.15

Relative strength over 90 days: SPCXB outperformed RPLUG by 33.1% — measured on the RPLUG/SPCXB ratio, so it holds regardless of market direction.

Plug Power Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →