Rivian Automotive Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 15782.2× the size of Rivian Automotive Tokenized Stock (Reality) (RRIVN) by market capitalisation. Their daily returns move barely together (correlation 0.13 across 26 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RRIVN's 32%.

Correlation: 0.13
Size ratio: 1 : 15782.2

Rivian Automotive Tokenized Stock (Reality)RRIVN

$13.1000

24h: -0.89%
Market cap: $12,464
Volume 24h: $418
Volatility (ann.): 32%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.3800

24h: -1.89%
Market cap: $196.70M
Volume 24h: $66.42M
Volatility (ann.): 71%

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

Performance

RRIVNSPCXB

7 days-7.26%-6.33%SPCXB
30 days-12.69%-21.79%RRIVN
90 days—+17.70%—

Correlation

0.13over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1390d: 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	RRIVN	SPCXB
Max drawdown (400d)	-12.8%	-47.5%
Risk-adjusted return (90d)	-0.40	0.28

Relative strength over 90 days: SPCXB outperformed RRIVN by 20.6% — measured on the RRIVN/SPCXB ratio, so it holds regardless of market direction.

Rivian Automotive Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →