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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 57.6× the size of Amazon • Robinhood Token (AMZN) by market capitalisation. Their daily returns move barely together (correlation 0.30 across 39 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against AMZN's 41%.

Correlation: 0.30
Size ratio: 1 : 57.6

Amazon • Robinhood TokenAMZN

$246.7000

24h: +0.02%
Market cap: $2.82M
Volume 24h: $1.09M
Volatility (ann.): 41%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$74.4200

24h: -1.19%
Market cap: $162.56M
Volume 24h: $38.24M
Volatility (ann.): 82%

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

Performance

AMZNCRCLB

7 days+0.25%-7.34%AMZN
30 days-3.04%-10.38%AMZN
90 days—+21.21%—

Correlation

0.30over 39 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3990d: 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	AMZN	CRCLB
Max drawdown (400d)	-15.4%	-31.5%
Risk-adjusted return (90d)	-0.15	0.25

Relative strength over 90 days: AMZN outperformed CRCLB by 9.3% — measured on the AMZN/CRCLB ratio, so it holds regardless of market direction.

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