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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 8076.6× the size of Riot Platforms Tokenized Stock (Reality) (RRIOT) by market capitalisation. Their daily returns move barely together (correlation 0.21 across 25 shared trading days). Both have run at a similar volatility, around 73% annualised.

Correlation: 0.21
Size ratio: 1 : 8076.6

Riot Platforms Tokenized Stock (Reality)RRIOT

$15.6000

24h: +15.17%
Market cap: $23,025
Volume 24h: $38,447
Volatility (ann.): 75%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.0800

24h: -9.98%
Market cap: $185.96M
Volume 24h: $47.36M
Volatility (ann.): 71%

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

Performance

RRIOTSPCXB

7 days-14.39%-6.33%SPCXB
30 days-14.08%-21.79%RRIOT
90 days—+17.70%—

Correlation

0.21over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2190d: 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	RRIOT	SPCXB
Max drawdown (400d)	-32.5%	-47.5%
Risk-adjusted return (90d)	-0.19	0.28

Relative strength over 90 days: SPCXB outperformed RRIOT by 25.3% — measured on the RRIOT/SPCXB ratio, so it holds regardless of market direction.

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