Alphabet (bStocks Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 1.2× the size of Alphabet (bStocks Tokenized Stock) (GOOGLB) by market capitalisation. Over the past 90 days, CRCLB is ahead by 44.6 percentage points (GOOGLB -23.4% against CRCLB +21.2%). Their daily returns move barely together (correlation 0.23 across 120 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against GOOGLB's 35%.

Correlation: 0.23
Size ratio: 1 : 1.2
Ahead over 90 days: CRCLB

Alphabet (bStocks Tokenized Stock)GOOGLB

$292.7600

24h: +4.67%
Market cap: $132.49M
Volume 24h: $29.34M
Volatility (ann.): 35%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$72.7700

24h: -1.14%
Market cap: $158.84M
Volume 24h: $29.40M
Volatility (ann.): 82%

GOOGLB 45.5%Share of the two combined market caps54.5% CRCLB

Performance

GOOGLBCRCLB

7 days-13.63%-7.34%CRCLB
30 days-18.80%-10.38%CRCLB
90 days-23.41%+21.21%CRCLB

Correlation

0.23over 120 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3190d: 0.161y: 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	GOOGLB	CRCLB
Max drawdown (400d)	-26.3%	-31.5%
Risk-adjusted return (90d)	-0.77	0.25

Relative strength over 90 days: CRCLB outperformed GOOGLB by 36.8% — measured on the GOOGLB/CRCLB ratio, so it holds regardless of market direction.

Alphabet (bStocks Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →