Riot Platforms (Dinari Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 21389.7× the size of Riot Platforms (Dinari Tokenized Stock) (RIOT) by market capitalisation. Their daily returns move barely together (correlation 0.15 across 26 shared trading days). Both have run at a similar volatility, around 72% annualised.

Correlation: 0.15
Size ratio: 1 : 21389.7

Riot Platforms (Dinari Tokenized Stock)RIOT

$15.0900

24h: -2.92%
Market cap: $9,300
Volume 24h: $98
Volatility (ann.): 72%

SpaceX (bStocks Tokenized Stock)SPCXB

$126.9600

24h: -5.29%
Market cap: $198.92M
Volume 24h: $64.03M
Volatility (ann.): 73%

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

Performance

RIOTSPCXB

7 days-7.70%-12.85%RIOT
30 days-16.60%-27.86%RIOT
90 days—-8.57%—

Correlation

0.15over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1590d: 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	RIOT	SPCXB
Max drawdown (400d)	-25.7%	-47.5%
Risk-adjusted return (90d)	-0.23	-0.15

Relative strength over 90 days: SPCXB outperformed RIOT by 22.5% — measured on the RIOT/SPCXB ratio, so it holds regardless of market direction.

Riot Platforms (Dinari Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →