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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 13785.7× the size of Verizon Tokenized Stock (Reality) (RVZ) by market capitalisation. Their daily returns move barely together (correlation 0.09 across 26 shared trading days). SPCXB has been the more volatile of the two, at 73% annualised against RVZ's 47%.

Correlation: 0.09
Size ratio: 1 : 13785.7

Verizon Tokenized Stock (Reality)RVZ

$46.4100

24h: —
Market cap: $14,639
Volume 24h: $46
Volatility (ann.): 47%

SpaceX (bStocks Tokenized Stock)SPCXB

$127.6200

24h: -5.04%
Market cap: $201.81M
Volume 24h: $60.61M
Volatility (ann.): 73%

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

Performance

RVZSPCXB

7 days-0.34%-12.85%RVZ
30 days-5.63%-27.86%RVZ
90 days—-8.57%—

Correlation

0.09over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0990d: 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	RVZ	SPCXB
Max drawdown (400d)	-10.2%	-47.5%
Risk-adjusted return (90d)	-0.12	-0.15

Relative strength over 90 days: RVZ outperformed SPCXB by 0.4% — measured on the RVZ/SPCXB ratio, so it holds regardless of market direction.

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