Applied Materials (bStocks Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 66.7× the size of Applied Materials (bStocks Tokenized Stock) (AMATB) by market capitalisation. Over the past 90 days, CRCLB is ahead by 49.5 percentage points (AMATB -28.3% against CRCLB +21.2%). Their daily returns move barely together (correlation 0.15 across 98 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against AMATB's 58%.

Correlation: 0.15
Size ratio: 1 : 66.7
Ahead over 90 days: CRCLB

Applied Materials (bStocks Tokenized Stock)AMATB

$375.6600

24h: -0.45%
Market cap: $2.38M
Volume 24h: $123,962
Volatility (ann.): 58%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$73.7000

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

AMATB 1.5%Share of the two combined market caps98.5% CRCLB

Performance

AMATBCRCLB

7 days-3.87%-7.34%AMATB
30 days-29.37%-10.38%CRCLB
90 days-28.33%+21.21%CRCLB

Correlation

0.15over 98 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1390d: 0.101y: 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	AMATB	CRCLB
Max drawdown (400d)	-32.0%	-31.5%
Risk-adjusted return (90d)	-0.57	0.25

Relative strength over 90 days: CRCLB outperformed AMATB by 40.9% — measured on the AMATB/CRCLB ratio, so it holds regardless of market direction.

Applied Materials (bStocks Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →