Astera Labs, Inc. • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 29222.8× the size of Astera Labs, Inc. • Robinhood Token (ALAB) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.08 across 22 shared trading days). Both have run at a similar volatility, around 81% annualised.

Correlation: -0.08
Size ratio: 1 : 29222.8

Astera Labs, Inc. • Robinhood TokenALAB

$216.9500

24h: —
Market cap: $4,948
Volume 24h: $11
Volatility (ann.): 80%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$67.5300

24h: -12.77%
Market cap: $144.61M
Volume 24h: $40.56M
Volatility (ann.): 82%

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

Performance

ALABCRCLB

7 days-4.53%-5.56%ALAB
30 days—-9.22%—
90 days—+19.24%—

Correlation

-0.08over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	ALAB	CRCLB
Max drawdown (400d)	-33.4%	-31.5%
Risk-adjusted return (90d)	-0.35	0.23

Relative strength over 90 days: CRCLB outperformed ALAB by 21.6% — measured on the ALAB/CRCLB ratio, so it holds regardless of market direction.

Astera Labs, Inc. • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →