Alibaba • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 105.1× the size of Alibaba • Robinhood Token (BABA) by market capitalisation. Their daily returns move barely together (correlation 0.32 across 37 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against BABA's 37%.

Correlation: 0.32
Size ratio: 1 : 105.1

Alibaba • Robinhood TokenBABA

$99.6600

24h: -3.54%
Market cap: $1.55M
Volume 24h: $468,931
Volatility (ann.): 37%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.3900

24h: +5.67%
Market cap: $163.02M
Volume 24h: $23.11M
Volatility (ann.): 82%

BABA 0.9%Share of the two combined market caps99.1% CRCLB

Performance

BABACRCLB

7 days-5.45%-7.34%BABA
30 days-9.05%-10.38%BABA
90 days—+21.21%—

Correlation

0.32over 37 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4690d: 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	BABA	CRCLB
Max drawdown (400d)	-16.0%	-31.5%
Risk-adjusted return (90d)	-0.26	0.25

Relative strength over 90 days: BABA outperformed CRCLB by 11.6% — measured on the BABA/CRCLB ratio, so it holds regardless of market direction.

Alibaba • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →