USA Rare Earth Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 4047.8× the size of USA Rare Earth Tokenized Stock (Reality) (RUSAR) by market capitalisation. Their daily returns move barely together (correlation 0.23 across 25 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RUSAR's 55%.

Correlation: 0.23
Size ratio: 1 : 4047.8

USA Rare Earth Tokenized Stock (Reality)RUSAR

$8.1100

24h: -5.32%
Market cap: $48,380
Volume 24h: $1,744
Volatility (ann.): 55%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.4800

24h: -8.86%
Market cap: $195.83M
Volume 24h: $54.37M
Volatility (ann.): 71%

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

Performance

RUSARSPCXB

7 days-7.50%-6.33%SPCXB
30 days-18.31%-21.79%RUSAR
90 days—+17.70%—

Correlation

0.23over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2390d: 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	RUSAR	SPCXB
Max drawdown (400d)	-26.1%	-47.5%
Risk-adjusted return (90d)	-0.33	0.28

Relative strength over 90 days: SPCXB outperformed RUSAR by 28.7% — measured on the RUSAR/SPCXB ratio, so it holds regardless of market direction.

USA Rare Earth Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →