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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 274.7× the size of Applied Optoelectronics Tokenized Stock (Reality) (RAAOI) by market capitalisation. Their daily returns move barely together (correlation 0.33 across 25 shared trading days). Both have run at a similar volatility, around 88% annualised.

Correlation: 0.33
Size ratio: 1 : 274.7

Applied Optoelectronics Tokenized Stock (Reality)RAAOI

$58.8300

24h: -6.09%
Market cap: $590,790
Volume 24h: $75,606
Volatility (ann.): 93%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.2000

24h: +3.14%
Market cap: $162.27M
Volume 24h: $43.93M
Volatility (ann.): 82%

RAAOI 0.4%Share of the two combined market caps99.6% CRCLB

Performance

RAAOICRCLB

7 days-6.63%-5.56%CRCLB
30 days+13.26%-9.22%RAAOI
90 days—+19.24%—

Correlation

0.33over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3390d: 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	RAAOI	CRCLB
Max drawdown (400d)	-18.6%	-31.5%
Risk-adjusted return (90d)	0.14	0.23

Relative strength over 90 days: RAAOI outperformed CRCLB by 13.3% — measured on the RAAOI/CRCLB ratio, so it holds regardless of market direction.

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