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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 5851.6× the size of Visa Tokenized Stock (Reality) (RV) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.06 across 25 shared trading days). SPCXB has been the more volatile of the two, at 73% annualised against RV's 22%.

Correlation: -0.06
Size ratio: 1 : 5851.6

Visa Tokenized Stock (Reality)RV

$424.1500

24h: -3.08%
Market cap: $34,651
Volume 24h: $69
Volatility (ann.): 22%

SpaceX (bStocks Tokenized Stock)SPCXB

$128.5900

24h: -4.18%
Market cap: $202.76M
Volume 24h: $76.36M
Volatility (ann.): 73%

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

Performance

RVSPCXB

7 days+6.72%-12.85%RV
30 days+5.46%-27.86%RV
90 days—-8.57%—

Correlation

-0.06over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0690d: 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	RV	SPCXB
Max drawdown (400d)	-4.2%	-47.5%
Risk-adjusted return (90d)	0.25	-0.15

Relative strength over 90 days: RV outperformed SPCXB by 0.1% — measured on the RV/SPCXB ratio, so it holds regardless of market direction.

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