Robinhood Markets Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 255.2× the size of Robinhood Markets Tokenized Stock (Reality) (RHOOD) by market capitalisation. Their daily returns move barely together (correlation 0.32 across 35 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RHOOD's 48%.

Correlation: 0.32
Size ratio: 1 : 255.2

Robinhood Markets Tokenized Stock (Reality)RHOOD

$87.2200

24h: +3.98%
Market cap: $769,561
Volume 24h: $195,329
Volatility (ann.): 48%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.3500

24h: -1.33%
Market cap: $196.38M
Volume 24h: $57.23M
Volatility (ann.): 71%

RHOOD 0.4%Share of the two combined market caps99.6% SPCXB

Performance

RHOODSPCXB

7 days-3.07%-6.33%RHOOD
30 days-22.83%-21.79%SPCXB
90 days—+17.70%—

Correlation

0.32over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3290d: 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	RHOOD	SPCXB
Max drawdown (400d)	-26.2%	-47.5%
Risk-adjusted return (90d)	-0.46	0.28

Relative strength over 90 days: SPCXB outperformed RHOOD by 13.6% — measured on the RHOOD/SPCXB ratio, so it holds regardless of market direction.

Robinhood Markets Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →