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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 38.7× the size of Apple • Robinhood Token (AAPL) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.05 across 39 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against AAPL's 23%.

Correlation: -0.05
Size ratio: 1 : 38.7

Apple • Robinhood TokenAAPL

$328.0500

24h: -0.19%
Market cap: $4.10M
Volume 24h: $12.30M
Volatility (ann.): 23%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$73.7000

24h: +0.49%
Market cap: $158.63M
Volume 24h: $25.34M
Volatility (ann.): 82%

AAPL 2.5%Share of the two combined market caps97.5% CRCLB

Performance

AAPLCRCLB

7 days-4.57%-7.34%AAPL
30 days+2.77%-10.38%AAPL
90 days—+21.21%—

Correlation

-0.05over 39 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1090d: 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	AAPL	CRCLB
Max drawdown (400d)	-4.8%	-31.5%
Risk-adjusted return (90d)	0.14	0.25

Relative strength over 90 days: AAPL outperformed CRCLB by 21.0% — measured on the AAPL/CRCLB ratio, so it holds regardless of market direction.

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