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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 12783.4× the size of Bullish Tokenized Stock (Reality) (RBLSH) by market capitalisation. Their daily returns move closely together (correlation 0.76 across 26 shared trading days). Both have run at a similar volatility, around 80% annualised.

Correlation: 0.76
Size ratio: 1 : 12783.4

Bullish Tokenized Stock (Reality)RBLSH

$23.2300

24h: +3.10%
Market cap: $11,312
Volume 24h: $100
Volatility (ann.): 78%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$67.5300

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

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

Performance

RBLSHCRCLB

7 days-6.96%-5.56%CRCLB
30 days-10.10%-9.22%CRCLB
90 days—+19.24%—

Correlation

0.76over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7690d: 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	RBLSH	CRCLB
Max drawdown (400d)	-22.8%	-31.5%
Risk-adjusted return (90d)	-0.13	0.23

Relative strength over 90 days: CRCLB outperformed RBLSH by 1.5% — measured on the RBLSH/CRCLB ratio, so it holds regardless of market direction.

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