AeroVironment, Inc. • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 52874.1× the size of AeroVironment, Inc. • Robinhood Token (AVAV) by market capitalisation. Their daily returns move barely together (correlation 0.17 across 21 shared trading days). CRCLB has been the more volatile of the two, at 83% annualised against AVAV's 55%.

Correlation: 0.17
Size ratio: 1 : 52874.1

AeroVironment, Inc. • Robinhood TokenAVAV

$102.2200

24h: —
Market cap: $2,840
Volume 24h: $48
Volatility (ann.): 55%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$68.3600

24h: -9.50%
Market cap: $150.17M
Volume 24h: $45.62M
Volatility (ann.): 83%

AVAV 0.0%Share of the two combined market caps100.0% CRCLB

Performance

AVAVCRCLB

7 days-7.65%-10.02%AVAV
30 days—-18.89%—
90 days—+1.70%—

Correlation

0.17over 21 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	AVAV	CRCLB
Max drawdown (400d)	-22.6%	-35.4%
Risk-adjusted return (90d)	-0.41	0.02

Relative strength over 90 days: CRCLB outperformed AVAV by 5.3% — measured on the AVAV/CRCLB ratio, so it holds regardless of market direction.

AeroVironment, Inc. • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →