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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 1833.2× the size of Applied Materials • Robinhood Token (AMAT) by market capitalisation. Their daily returns move barely together (correlation 0.12 across 38 shared trading days). Both have run at a similar volatility, around 83% annualised.

Correlation: 0.12
Size ratio: 1 : 1833.2

Applied Materials • Robinhood TokenAMAT

$373.9500

24h: -3.35%
Market cap: $86,576
Volume 24h: $264
Volatility (ann.): 85%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$73.9900

24h: +1.36%
Market cap: $158.71M
Volume 24h: $34.71M
Volatility (ann.): 82%

AMAT 0.1%Share of the two combined market caps99.9% CRCLB

Performance

AMATCRCLB

7 days-28.14%-5.56%CRCLB
30 days-21.54%-9.22%CRCLB
90 days—+19.24%—

Correlation

0.12over 38 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2590d: 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	AMAT	CRCLB
Max drawdown (400d)	-28.1%	-31.5%
Risk-adjusted return (90d)	-0.23	0.23

Relative strength over 90 days: CRCLB outperformed AMAT by 5.7% — measured on the AMAT/CRCLB ratio, so it holds regardless of market direction.

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