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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 10990.9× the size of Reddit Tokenized Stock (Reality) (RRDDT) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.04 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RRDDT's 44%.

Correlation: -0.04
Size ratio: 1 : 10990.9

Reddit Tokenized Stock (Reality)RRDDT

$101.1700

24h: +7.18%
Market cap: $17,818
Volume 24h: $987
Volatility (ann.): 44%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.5200

24h: -8.86%
Market cap: $195.83M
Volume 24h: $54.37M
Volatility (ann.): 71%

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

Performance

RRDDTSPCXB

7 days+8.42%-6.33%RRDDT
30 days+0.04%-21.79%RRDDT
90 days—+17.70%—

Correlation

-0.04over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0490d: 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	RRDDT	SPCXB
Max drawdown (400d)	-10.7%	-47.5%
Risk-adjusted return (90d)	0.00	0.28

Relative strength over 90 days: SPCXB outperformed RRDDT by 12.7% — measured on the RRDDT/SPCXB ratio, so it holds regardless of market direction.

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