Trump Media & Technology Group Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 11984.5× the size of Trump Media & Technology Group Tokenized Stock (Reality) (RDJT) by market capitalisation. Their daily returns move barely together (correlation 0.00 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RDJT's 37%.

Correlation: 0.00
Size ratio: 1 : 11984.5

Trump Media & Technology Group Tokenized Stock (Reality)RDJT

$4.5600

24h: -18.54%
Market cap: $15,329
Volume 24h: $30,005
Volatility (ann.): 37%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.5700

24h: -11.19%
Market cap: $183.71M
Volume 24h: $35.96M
Volatility (ann.): 71%

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

Performance

RDJTSPCXB

7 days-7.85%-6.33%SPCXB
30 days-4.08%-21.79%RDJT
90 days—+17.70%—

Correlation

0.00over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0090d: 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	RDJT	SPCXB
Max drawdown (400d)	-12.7%	-47.5%
Risk-adjusted return (90d)	-0.11	0.28

Relative strength over 90 days: SPCXB outperformed RDJT by 15.8% — measured on the RDJT/SPCXB ratio, so it holds regardless of market direction.

Trump Media & Technology Group Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →