Arista Networks aStock vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 244959.7× the size of Arista Networks aStock (AANET) by market capitalisation. Their daily returns move barely together (correlation 0.05 across 31 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against AANET's 48%.

Correlation: 0.05
Size ratio: 1 : 244959.7

Arista Networks aStockAANET

$181.9200

24h: +10.22%
Market cap: $657
Volume 24h: —
Volatility (ann.): 48%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.4000

24h: +1.89%
Market cap: $160.82M
Volume 24h: $43.73M
Volatility (ann.): 82%

AANET 0.0%Share of the two combined market caps100.0% CRCLB

Performance

AANETCRCLB

7 days-1.94%-5.56%AANET
30 days-13.77%-9.22%CRCLB
90 days—+19.24%—

Correlation

0.05over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0590d: 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	AANET	CRCLB
Max drawdown (400d)	-21.2%	-31.5%
Risk-adjusted return (90d)	-0.29	0.23

Relative strength over 90 days: CRCLB outperformed AANET by 5.4% — measured on the AANET/CRCLB ratio, so it holds regardless of market direction.

Arista Networks aStock →Circle Internet Group (bStocks Tokenized Stock) →