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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 19402.3× the size of Synopsys Tokenized Stock (Reality) (RSNPS) by market capitalisation. Their daily returns move barely together (correlation 0.05 across 25 shared trading days). SPCXB has been the more volatile of the two, at 73% annualised against RSNPS's 60%.

Correlation: 0.05
Size ratio: 1 : 19402.3

Synopsys Tokenized Stock (Reality)RSNPS

$441.3600

24h: -3.63%
Market cap: $10,285
Volume 24h: $1,306
Volatility (ann.): 60%

SpaceX (bStocks Tokenized Stock)SPCXB

$127.6800

24h: -5.07%
Market cap: $199.55M
Volume 24h: $61.54M
Volatility (ann.): 73%

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

Performance

RSNPSSPCXB

7 days-2.34%-12.85%RSNPS
30 days+29.82%-27.86%RSNPS
90 days—-8.57%—

Correlation

0.05over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0590d: 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	RSNPS	SPCXB
Max drawdown (400d)	-5.6%	-47.5%
Risk-adjusted return (90d)	0.50	-0.15

Relative strength over 90 days: RSNPS outperformed SPCXB by 25.1% — measured on the RSNPS/SPCXB ratio, so it holds regardless of market direction.

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