Apple aStock vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 9197.1× the size of Apple aStock (AAAPL) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.28 across 31 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against AAAPL's 18%.

Correlation: -0.28
Size ratio: 1 : 9197.1

Apple aStockAAAPL

$349.8900

24h: +6.79%
Market cap: $15,723
Volume 24h: —
Volatility (ann.): 18%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$67.5300

24h: -12.77%
Market cap: $144.61M
Volume 24h: $40.56M
Volatility (ann.): 82%

AAAPL 0.0%Share of the two combined market caps100.0% CRCLB

Performance

AAAPLCRCLB

7 days+1.30%-5.56%AAAPL
30 days+0.62%-9.22%AAAPL
90 days—+19.24%—

Correlation

-0.28over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2890d: 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	AAAPL	CRCLB
Max drawdown (400d)	-3.6%	-31.5%
Risk-adjusted return (90d)	0.03	0.23

Relative strength over 90 days: AAAPL outperformed CRCLB by 10.4% — measured on the AAAPL/CRCLB ratio, so it holds regardless of market direction.

Apple aStock →Circle Internet Group (bStocks Tokenized Stock) →