Alphabet Class A • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 21.0× the size of Alphabet Class A • Robinhood Token (GOOGL) by market capitalisation. Their daily returns move loosely together (correlation 0.45 across 38 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against GOOGL's 51%.

Correlation: 0.45
Size ratio: 1 : 21.0

Alphabet Class A • Robinhood TokenGOOGL

$276.2300

24h: -1.57%
Market cap: $7.59M
Volume 24h: $4.57M
Volatility (ann.): 51%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$73.8400

24h: +0.71%
Market cap: $159.66M
Volume 24h: $26.07M
Volatility (ann.): 82%

GOOGL 4.5%Share of the two combined market caps95.5% CRCLB

Performance

GOOGLCRCLB

7 days-18.19%-7.34%CRCLB
30 days-17.94%-10.38%CRCLB
90 days—+21.21%—

Correlation

0.45over 38 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5490d: 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	GOOGL	CRCLB
Max drawdown (400d)	-21.4%	-31.5%
Risk-adjusted return (90d)	-0.38	0.25

Relative strength over 90 days: CRCLB outperformed GOOGL by 5.7% — measured on the GOOGL/CRCLB ratio, so it holds regardless of market direction.

Alphabet Class A • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →