AppLovin Tokenized Stock (Reality) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 212.3× the size of AppLovin Tokenized Stock (Reality) (RAPP) by market capitalisation. Their daily returns move barely together (correlation 0.08 across 25 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against RAPP's 49%.

Correlation: 0.08
Size ratio: 1 : 212.3

AppLovin Tokenized Stock (Reality)RAPP

$327.7700

24h: +36.60%
Market cap: $755,535
Volume 24h: $546,971
Volatility (ann.): 49%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.2800

24h: +0.21%
Market cap: $160.38M
Volume 24h: $41.80M
Volatility (ann.): 82%

RAPP 0.5%Share of the two combined market caps99.5% CRCLB

Performance

RAPPCRCLB

7 days+4.43%-5.56%RAPP
30 days-15.53%-9.22%CRCLB
90 days—+19.24%—

Correlation

0.08over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0890d: 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	RAPP	CRCLB
Max drawdown (400d)	-19.1%	-31.5%
Risk-adjusted return (90d)	-0.32	0.23

Relative strength over 90 days: CRCLB outperformed RAPP by 15.5% — measured on the RAPP/CRCLB ratio, so it holds regardless of market direction.

AppLovin Tokenized Stock (Reality) →Circle Internet Group (bStocks Tokenized Stock) →