Aehr Test Systems Tokenized Stock (Reality) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 613.8× the size of Aehr Test Systems Tokenized Stock (Reality) (RAEHR) by market capitalisation. Their daily returns move barely together (correlation 0.13 across 25 shared trading days). Both have run at a similar volatility, around 80% annualised.

Correlation: 0.13
Size ratio: 1 : 613.8

Aehr Test Systems Tokenized Stock (Reality)RAEHR

$59.2300

24h: -5.44%
Market cap: $261,276
Volume 24h: $159,594
Volatility (ann.): 79%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.2800

24h: +0.21%
Market cap: $160.38M
Volume 24h: $41.80M
Volatility (ann.): 82%

RAEHR 0.2%Share of the two combined market caps99.8% CRCLB

Performance

RAEHRCRCLB

7 days-18.29%-5.56%CRCLB
30 days+7.47%-9.22%RAEHR
90 days—+19.24%—

Correlation

0.13over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1390d: 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	RAEHR	CRCLB
Max drawdown (400d)	-18.9%	-31.5%
Risk-adjusted return (90d)	0.09	0.23

Relative strength over 90 days: RAEHR outperformed CRCLB by 7.5% — measured on the RAEHR/CRCLB ratio, so it holds regardless of market direction.

Aehr Test Systems Tokenized Stock (Reality) →Circle Internet Group (bStocks Tokenized Stock) →