Apple Tokenized Stock (Reality) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 319.3× the size of Apple Tokenized Stock (Reality) (RAAPL) by market capitalisation. Their daily returns move barely together (correlation 0.01 across 39 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against RAAPL's 29%.

Correlation: 0.01
Size ratio: 1 : 319.3

Apple Tokenized Stock (Reality)RAAPL

$327.5100

24h: -0.26%
Market cap: $522,824
Volume 24h: $2.01M
Volatility (ann.): 29%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.6000

24h: +3.53%
Market cap: $166.96M
Volume 24h: $35.40M
Volatility (ann.): 82%

RAAPL 0.3%Share of the two combined market caps99.7% CRCLB

Performance

RAAPLCRCLB

7 days-4.51%-7.34%RAAPL
30 days+4.60%-10.38%RAAPL
90 days—+21.21%—

Correlation

0.01over 39 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0690d: 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	RAAPL	CRCLB
Max drawdown (400d)	-5.5%	-31.5%
Risk-adjusted return (90d)	0.15	0.25

Relative strength over 90 days: RAAPL outperformed CRCLB by 32.1% — measured on the RAAPL/CRCLB ratio, so it holds regardless of market direction.

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