Vale SA Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 14593.9× the size of Vale SA Tokenized Stock (Reality) (RVALE) by market capitalisation. Their daily returns move loosely together (correlation 0.59 across 25 shared trading days). SPCXB has been the more volatile of the two, at 73% annualised against RVALE's 34%.

Correlation: 0.59
Size ratio: 1 : 14593.9

Vale SA Tokenized Stock (Reality)RVALE

$11.8900

24h: -0.82%
Market cap: $11,764
Volume 24h: $19,072
Volatility (ann.): 34%

SpaceX (bStocks Tokenized Stock)SPCXB

$144.1400

24h: -3.74%
Market cap: $171.68M
Volume 24h: $56.75M
Volatility (ann.): 73%

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

Performance

RVALESPCXB

7 days-8.77%-6.41%SPCXB
30 days-11.99%-0.02%SPCXB
90 days—+31.86%—

Correlation

0.59over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5990d: 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	RVALE	SPCXB
Max drawdown (400d)	-15.6%	-47.5%
Risk-adjusted return (90d)	-0.35	0.50

Relative strength over 90 days: SPCXB outperformed RVALE by 13.9% — measured on the RVALE/SPCXB ratio, so it holds regardless of market direction.

Vale SA Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →