Bilibili Tokenized Stock (Reality) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 3319.4× the size of Bilibili Tokenized Stock (Reality) (RBILI) by market capitalisation. Their daily returns move loosely together (correlation 0.47 across 27 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against RBILI's 41%.

Correlation: 0.47
Size ratio: 1 : 3319.4

Bilibili Tokenized Stock (Reality)RBILI

$14.5000

24h: +10.14%
Market cap: $45,383
Volume 24h: $223
Volatility (ann.): 41%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$69.3300

24h: -10.57%
Market cap: $150.64M
Volume 24h: $41.90M
Volatility (ann.): 82%

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

Performance

RBILICRCLB

7 days-4.43%-5.56%RBILI
30 days-7.89%-9.22%RBILI
90 days—+19.24%—

Correlation

0.47over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4790d: 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	RBILI	CRCLB
Max drawdown (400d)	-8.1%	-31.5%
Risk-adjusted return (90d)	-0.19	0.23

Relative strength over 90 days: CRCLB outperformed RBILI by 8.7% — measured on the RBILI/CRCLB ratio, so it holds regardless of market direction.

Bilibili Tokenized Stock (Reality) →Circle Internet Group (bStocks Tokenized Stock) →