SpaceX (bStocks Tokenized Stock) (SPCXB) is 1095.6× the size of Seagate Tokenized Stock (Reality) (RSTX) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.02 across 25 shared trading days). Both have run at a similar volatility, around 72% annualised.
$541.6400
$124.3500
RSTXSPCXB
-0.02over 25 shared trading days
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.
| Metric | RSTX | SPCXB |
|---|---|---|
| Max drawdown (400d) | -18.0% | -47.5% |
| Risk-adjusted return (90d) | 0.01 | 0.28 |
Relative strength over 90 days: SPCXB outperformed RSTX by 11.9% — measured on the RSTX/SPCXB ratio, so it holds regardless of market direction.