SharpLink Gaming Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 4425.5× the size of SharpLink Gaming Tokenized Stock (Reality) (RSBET) by market capitalisation. Their daily returns move barely together (correlation 0.17 across 26 shared trading days). Both have run at a similar volatility, around 77% annualised.

Correlation: 0.17
Size ratio: 1 : 4425.5

SharpLink Gaming Tokenized Stock (Reality)RSBET

$7.1500

24h: +10.05%
Market cap: $45,602
Volume 24h: $307
Volatility (ann.): 81%

SpaceX (bStocks Tokenized Stock)SPCXB

$127.6200

24h: -5.04%
Market cap: $201.81M
Volume 24h: $60.61M
Volatility (ann.): 73%

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

Performance

RSBETSPCXB

7 days-18.85%-12.85%SPCXB
30 days-6.26%-27.86%RSBET
90 days—-8.57%—

Correlation

0.17over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1790d: 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	RSBET	SPCXB
Max drawdown (400d)	-23.9%	-47.5%
Risk-adjusted return (90d)	-0.08	-0.15

Relative strength over 90 days: SPCXB outperformed RSBET by 9.7% — measured on the RSBET/SPCXB ratio, so it holds regardless of market direction.

SharpLink Gaming Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →