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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 13394.4× the size of Salesforce Tokenized Stock (Reality) (RCRM) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.39 across 26 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RCRM's 31%.

Correlation: -0.39
Size ratio: 1 : 13394.4

Salesforce Tokenized Stock (Reality)RCRM

$227.9000

24h: +3.48%
Market cap: $14,621
Volume 24h: $3,425
Volatility (ann.): 31%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.5200

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

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

Performance

RCRMSPCXB

7 days+1.91%-6.33%RCRM
30 days-8.37%-21.79%RCRM
90 days—+17.70%—

Correlation

-0.39over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3990d: 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	RCRM	SPCXB
Max drawdown (400d)	-12.2%	-47.5%
Risk-adjusted return (90d)	-0.27	0.28

Relative strength over 90 days: SPCXB outperformed RCRM by 16.7% — measured on the RCRM/SPCXB ratio, so it holds regardless of market direction.

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