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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 450.3× the size of Broadcom • Robinhood Token (AVGO) by market capitalisation. Their daily returns move barely together (correlation 0.12 across 39 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against AVGO's 34%.

Correlation: 0.12
Size ratio: 1 : 450.3

Broadcom • Robinhood TokenAVGO

$322.4700

24h: -1.03%
Market cap: $317,509
Volume 24h: $156,438
Volatility (ann.): 34%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$67.3900

24h: -12.23%
Market cap: $142.97M
Volume 24h: $40.06M
Volatility (ann.): 82%

AVGO 0.2%Share of the two combined market caps99.8% CRCLB

Performance

AVGOCRCLB

7 days-5.15%-5.56%AVGO
30 days-9.76%-9.22%CRCLB
90 days—+19.24%—

Correlation

0.12over 39 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4890d: 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	AVGO	CRCLB
Max drawdown (400d)	-12.8%	-31.5%
Risk-adjusted return (90d)	-0.36	0.23

Relative strength over 90 days: AVGO outperformed CRCLB by 3.0% — measured on the AVGO/CRCLB ratio, so it holds regardless of market direction.

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