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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 6393.5× the size of Arista Networks Tokenized Stock (Reality) (RANET) by market capitalisation. Their daily returns move barely together (correlation 0.29 across 25 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against RANET's 30%.

Correlation: 0.29
Size ratio: 1 : 6393.5

Arista Networks Tokenized Stock (Reality)RANET

$176.8800

24h: -2.60%
Market cap: $23,069
Volume 24h: $115,784
Volatility (ann.): 30%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$69.3500

24h: -9.75%
Market cap: $147.49M
Volume 24h: $34.87M
Volatility (ann.): 82%

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

Performance

RANETCRCLB

7 days+1.51%-5.56%RANET
30 days+9.01%-9.22%RANET
90 days—+19.24%—

Correlation

0.29over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2990d: 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	RANET	CRCLB
Max drawdown (400d)	-3.2%	-31.5%
Risk-adjusted return (90d)	0.30	0.23

Relative strength over 90 days: RANET outperformed CRCLB by 9.7% — measured on the RANET/CRCLB ratio, so it holds regardless of market direction.

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