Apple xStock vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 13.9× the size of Apple xStock (AAPLX) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.04 across 111 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against AAPLX's 25%.

Correlation: -0.04
Size ratio: 1 : 13.9

Apple xStockAAPLX

$329.2100

24h: -0.08%
Market cap: $12.02M
Volume 24h: $13.39M
Volatility (ann.): 25%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.7200

24h: +6.71%
Market cap: $166.80M
Volume 24h: $25.33M
Volatility (ann.): 82%

AAPLX 6.7%Share of the two combined market caps93.3% CRCLB

Performance

AAPLXCRCLB

7 days+0.23%-7.34%AAPLX
30 days+6.96%-10.38%AAPLX
90 days+15.63%+21.21%CRCLB
1 year+33.81%——

Correlation

-0.04over 111 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0490d: -0.061y: 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	AAPLX	CRCLB
Max drawdown (400d)	-14.0%	-31.5%
Risk-adjusted return (90d)	0.54	0.25

Relative strength over 90 days: CRCLB outperformed AAPLX by 14.0% — measured on the AAPLX/CRCLB ratio, so it holds regardless of market direction.

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