Taiwan Semiconductor Manufacturing Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 88.2× the size of Taiwan Semiconductor Manufacturing Tokenized Stock (Reality) (RTSM) by market capitalisation. Their daily returns move loosely together (correlation 0.60 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RTSM's 29%.

Correlation: 0.60
Size ratio: 1 : 88.2

Taiwan Semiconductor Manufacturing Tokenized Stock (Reality)RTSM

$391.1100

24h: -1.87%
Market cap: $2.23M
Volume 24h: $157,188
Volatility (ann.): 29%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.6800

24h: -0.83%
Market cap: $197.20M
Volume 24h: $56.27M
Volatility (ann.): 71%

RTSM 1.1%Share of the two combined market caps98.9% SPCXB

Performance

RTSMSPCXB

7 days-3.10%-6.33%RTSM
30 days+10.89%-21.79%RTSM
90 days—+17.70%—

Correlation

0.60over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6090d: 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	RTSM	SPCXB
Max drawdown (400d)	-5.8%	-47.5%
Risk-adjusted return (90d)	0.38	0.28

Relative strength over 90 days: SPCXB outperformed RTSM by 2.7% — measured on the RTSM/SPCXB ratio, so it holds regardless of market direction.

Taiwan Semiconductor Manufacturing Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →