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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 17.6× the size of Alphabet (Coinbase Tokenized Stock) (GOOGLC) by market capitalisation. Their daily returns move loosely together (correlation 0.39 across 40 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against GOOGLC's 42%.

Correlation: 0.39
Size ratio: 1 : 17.6

Alphabet (Coinbase Tokenized Stock)GOOGLC

$276.0900

24h: -1.58%
Market cap: $9.05M
Volume 24h: $9.27M
Volatility (ann.): 42%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$73.8100

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

GOOGLC 5.4%Share of the two combined market caps94.6% CRCLB

Performance

GOOGLCCRCLB

7 days-13.06%-7.34%CRCLB
30 days-17.41%-10.38%CRCLB
90 days—+21.21%—

Correlation

0.39over 40 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4990d: 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	GOOGLC	CRCLB
Max drawdown (400d)	-21.4%	-31.5%
Risk-adjusted return (90d)	-0.46	0.25

Relative strength over 90 days: CRCLB outperformed GOOGLC by 6.2% — measured on the GOOGLC/CRCLB ratio, so it holds regardless of market direction.

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