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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 2245.6× the size of Walmart Tokenized Stock (Reality) (RWMT) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.18 across 26 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against RWMT's 24%.

Correlation: -0.18
Size ratio: 1 : 2245.6

Walmart Tokenized Stock (Reality)RWMT

$129.4600

24h: +3.95%
Market cap: $88,797
Volume 24h: $234
Volatility (ann.): 24%

SpaceX (bStocks Tokenized Stock)SPCXB

$134.5100

24h: -0.01%
Market cap: $199.41M
Volume 24h: $52.76M
Volatility (ann.): 71%

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

Performance

RWMTSPCXB

7 days+7.53%-6.33%RWMT
30 days+4.56%-21.79%RWMT
90 days—+17.70%—

Correlation

-0.18over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1890d: 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	RWMT	SPCXB
Max drawdown (400d)	-6.0%	-47.5%
Risk-adjusted return (90d)	0.19	0.28

Relative strength over 90 days: SPCXB outperformed RWMT by 4.9% — measured on the RWMT/SPCXB ratio, so it holds regardless of market direction.

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