Cerebras Systems Tokenized Stock (Reality) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 99.5× the size of Cerebras Systems Tokenized Stock (Reality) (RCBRS) by market capitalisation. Their daily returns move barely together (correlation 0.26 across 25 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against RCBRS's 63%.

Correlation: 0.26
Size ratio: 1 : 99.5

Cerebras Systems Tokenized Stock (Reality)RCBRS

$90.3100

24h: -6.14%
Market cap: $1.61M
Volume 24h: $4,281
Volatility (ann.): 63%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.2400

24h: +0.56%
Market cap: $160.24M
Volume 24h: $41.83M
Volatility (ann.): 82%

RCBRS 1.0%Share of the two combined market caps99.0% CRCLB

Performance

RCBRSCRCLB

7 days-4.26%-5.56%RCBRS
30 days-10.71%-9.22%CRCLB
90 days—+19.24%—

Correlation

0.26over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2690d: 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	RCBRS	CRCLB
Max drawdown (400d)	-22.6%	-31.5%
Risk-adjusted return (90d)	-0.17	0.23

Relative strength over 90 days: CRCLB outperformed RCBRS by 11.9% — measured on the RCBRS/CRCLB ratio, so it holds regardless of market direction.

Cerebras Systems Tokenized Stock (Reality) →Circle Internet Group (bStocks Tokenized Stock) →