ASML Holding NV Tokenized Stock (Reality) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 564.2× the size of ASML Holding NV Tokenized Stock (Reality) (RASML) by market capitalisation. Their daily returns move barely together (correlation 0.18 across 25 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against RASML's 29%.

Correlation: 0.18
Size ratio: 1 : 564.2

ASML Holding NV Tokenized Stock (Reality)RASML

$1,468.79

24h: -3.39%
Market cap: $286,902
Volume 24h: $37,081
Volatility (ann.): 29%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.0200

24h: +3.02%
Market cap: $161.87M
Volume 24h: $43.92M
Volatility (ann.): 82%

RASML 0.2%Share of the two combined market caps99.8% CRCLB

Performance

RASMLCRCLB

7 days-5.01%-5.56%RASML
30 days+11.52%-9.22%RASML
90 days—+19.24%—

Correlation

0.18over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1890d: 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	RASML	CRCLB
Max drawdown (400d)	-5.3%	-31.5%
Risk-adjusted return (90d)	0.39	0.23

Relative strength over 90 days: RASML outperformed CRCLB by 11.5% — measured on the RASML/CRCLB ratio, so it holds regardless of market direction.

ASML Holding NV Tokenized Stock (Reality) →Circle Internet Group (bStocks Tokenized Stock) →