BlackBerry Limited • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 820.7× the size of BlackBerry Limited • Robinhood Token (BB) by market capitalisation. Their daily returns move barely together (correlation 0.17 across 39 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against BB's 62%.

Correlation: 0.17
Size ratio: 1 : 820.7

BlackBerry Limited • Robinhood TokenBB

$8.0300

24h: +0.02%
Market cap: $197,294
Volume 24h: $8,228
Volatility (ann.): 62%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.4500

24h: +3.09%
Market cap: $161.92M
Volume 24h: $43.99M
Volatility (ann.): 82%

BB 0.1%Share of the two combined market caps99.9% CRCLB

Performance

BBCRCLB

7 days-13.75%-5.56%CRCLB
30 days+4.62%-9.22%BB
90 days—+19.24%—

Correlation

0.17over 39 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2490d: 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	BB	CRCLB
Max drawdown (400d)	-13.8%	-31.5%
Risk-adjusted return (90d)	0.05	0.23

Relative strength over 90 days: BB outperformed CRCLB by 21.1% — measured on the BB/CRCLB ratio, so it holds regardless of market direction.

BlackBerry Limited • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →