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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 58.1× the size of Amazon (Coinbase Tokenized Stock) (AMZNC) by market capitalisation. Their daily returns move barely together (correlation 0.26 across 34 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against AMZNC's 45%.

Correlation: 0.26
Size ratio: 1 : 58.1

Amazon (Coinbase Tokenized Stock)AMZNC

$246.7300

24h: +0.27%
Market cap: $2.84M
Volume 24h: $8.72M
Volatility (ann.): 45%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.1500

24h: +0.51%
Market cap: $165.28M
Volume 24h: $44.60M
Volatility (ann.): 82%

AMZNC 1.7%Share of the two combined market caps98.3% CRCLB

Performance

AMZNCCRCLB

7 days-0.95%-7.34%AMZNC
30 days-0.56%-10.38%AMZNC
90 days—+21.21%—

Correlation

0.26over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2690d: 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	AMZNC	CRCLB
Max drawdown (400d)	-12.4%	-31.5%
Risk-adjusted return (90d)	0.01	0.25

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

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