Virgin Galactic Tokenized Stock (Reality) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 21111.9× the size of Virgin Galactic Tokenized Stock (Reality) (RSPCE) by market capitalisation. Their daily returns move barely together (correlation 0.17 across 26 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RSPCE's 59%.

Correlation: 0.17
Size ratio: 1 : 21111.9

Virgin Galactic Tokenized Stock (Reality)RSPCE

$2.5100

24h: -0.74%
Market cap: $9,167
Volume 24h: $46
Volatility (ann.): 59%

SpaceX (bStocks Tokenized Stock)SPCXB

$122.3000

24h: -9.44%
Market cap: $193.52M
Volume 24h: $55.57M
Volatility (ann.): 71%

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

Performance

RSPCESPCXB

7 days-12.42%-6.33%SPCXB
30 days-11.55%-21.79%RSPCE
90 days—+17.70%—

Correlation

0.17over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1790d: 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	RSPCE	SPCXB
Max drawdown (400d)	-20.1%	-47.5%
Risk-adjusted return (90d)	-0.20	0.28

Relative strength over 90 days: SPCXB outperformed RSPCE by 19.6% — measured on the RSPCE/SPCXB ratio, so it holds regardless of market direction.

Virgin Galactic Tokenized Stock (Reality) →SpaceX (bStocks Tokenized Stock) →