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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 31.9× the size of Applied Optoelectronics (bStocks Tokenized Stock) (AAOIB) by market capitalisation. Over the past 90 days, CRCLB is ahead by 71.2 percentage points (AAOIB -52.0% against CRCLB +19.2%). Their daily returns move barely together (correlation 0.30 across 113 shared trading days). AAOIB has been the more volatile of the two, at 128% annualised against CRCLB's 82%.

Correlation: 0.30
Size ratio: 1 : 31.9
Ahead over 90 days: CRCLB

Applied Optoelectronics (bStocks Tokenized Stock)AAOIB

$48.0400

24h: -0.98%
Market cap: $4.49M
Volume 24h: $1.65M
Volatility (ann.): 128%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$66.9900

24h: -12.23%
Market cap: $142.97M
Volume 24h: $40.06M
Volatility (ann.): 82%

AAOIB 3.0%Share of the two combined market caps97.0% CRCLB

Performance

AAOIBCRCLB

7 days-26.52%-5.56%CRCLB
30 days-51.06%-9.22%CRCLB
90 days-51.98%+19.24%CRCLB

Correlation

0.30over 113 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4590d: 0.221y: 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	AAOIB	CRCLB
Max drawdown (400d)	-61.7%	-31.5%
Risk-adjusted return (90d)	-0.50	0.23

Relative strength over 90 days: CRCLB outperformed AAOIB by 59.7% — measured on the AAOIB/CRCLB ratio, so it holds regardless of market direction.

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