AXT Inc • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 43503.7× the size of AXT Inc • Robinhood Token (AXTI) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.12 across 22 shared trading days). Both have run at a similar volatility, around 86% annualised.

Correlation: -0.12
Size ratio: 1 : 43503.7

AXT Inc • Robinhood TokenAXTI

$46.7900

24h: —
Market cap: $3,324
Volume 24h: $11
Volatility (ann.): 91%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$66.5200

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

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

Performance

AXTICRCLB

7 days+11.79%-5.56%AXTI
30 days—-9.22%—
90 days—+19.24%—

Correlation

-0.12over 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	AXTI	CRCLB
Max drawdown (400d)	-37.8%	-31.5%
Risk-adjusted return (90d)	-0.27	0.23

Relative strength over 90 days: CRCLB outperformed AXTI by 17.0% — measured on the AXTI/CRCLB ratio, so it holds regardless of market direction.

AXT Inc • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →