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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 4343.0× the size of Snowflake Tokenized Stock (Reality) (RSNOW) by market capitalisation. Their daily returns move barely together (correlation 0.04 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RSNOW's 39%.

Correlation: 0.04
Size ratio: 1 : 4343.0

Snowflake Tokenized Stock (Reality)RSNOW

$286.5900

24h: -0.11%
Market cap: $42,804
Volume 24h: $12,786
Volatility (ann.): 39%

SpaceX (bStocks Tokenized Stock)SPCXB

$125.2800

24h: -8.34%
Market cap: $185.90M
Volume 24h: $35.87M
Volatility (ann.): 71%

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

Performance

RSNOWSPCXB

7 days+8.12%-6.33%RSNOW
30 days+14.22%-21.79%RSNOW
90 days—+17.70%—

Correlation

0.04over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0490d: 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	RSNOW	SPCXB
Max drawdown (400d)	-3.4%	-47.5%
Risk-adjusted return (90d)	0.37	0.28

Relative strength over 90 days: SPCXB outperformed RSNOW by 0.3% — measured on the RSNOW/SPCXB ratio, so it holds regardless of market direction.

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