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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 6642.8× the size of Carnival Corporation • Robinhood Token (CCL) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.09 across 31 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against CCL's 41%.

Correlation: -0.09
Size ratio: 1 : 6642.8

Carnival Corporation • Robinhood TokenCCL

$31.5700

24h: +6.32%
Market cap: $22,266
Volume 24h: $1,056
Volatility (ann.): 41%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$68.0000

24h: -12.41%
Market cap: $147.91M
Volume 24h: $38.31M
Volatility (ann.): 82%

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

Performance

CCLCRCLB

7 days+11.80%-5.56%CCL
30 days+19.76%-9.22%CCL
90 days—+19.24%—

Correlation

-0.09over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0990d: 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	CCL	CRCLB
Max drawdown (400d)	-4.4%	-31.5%
Risk-adjusted return (90d)	0.49	0.23

Relative strength over 90 days: CCL outperformed CRCLB by 31.4% — measured on the CCL/CRCLB ratio, so it holds regardless of market direction.

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