Astera Labs Tokenized Stock (Reality) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 9718.1× the size of Astera Labs Tokenized Stock (Reality) (RALAB) by market capitalisation. Their daily returns move barely together (correlation 0.27 across 25 shared trading days). Both have run at a similar volatility, around 85% annualised.

Correlation: 0.27
Size ratio: 1 : 9718.1

Astera Labs Tokenized Stock (Reality)RALAB

$216.8500

24h: -2.61%
Market cap: $14,880
Volume 24h: $21,430
Volatility (ann.): 88%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$67.5300

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

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

Performance

RALABCRCLB

7 days-2.85%-5.56%RALAB
30 days+34.79%-9.22%RALAB
90 days—+19.24%—

Correlation

0.27over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2790d: 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	RALAB	CRCLB
Max drawdown (400d)	-12.8%	-31.5%
Risk-adjusted return (90d)	0.40	0.23

Relative strength over 90 days: RALAB outperformed CRCLB by 33.0% — measured on the RALAB/CRCLB ratio, so it holds regardless of market direction.

Astera Labs Tokenized Stock (Reality) →Circle Internet Group (bStocks Tokenized Stock) →