Chevron xStock vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 194.1× the size of Chevron xStock (CVXX) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.12 across 31 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against CVXX's 42%.

Correlation: -0.12
Size ratio: 1 : 194.1

Chevron xStockCVXX

$225.8200

24h: -1.81%
Market cap: $840,586
Volume 24h: $2,025
Volatility (ann.): 42%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.4400

24h: -0.63%
Market cap: $163.12M
Volume 24h: $36.66M
Volatility (ann.): 82%

CVXX 0.5%Share of the two combined market caps99.5% CRCLB

Performance

CVXXCRCLB

7 days+0.31%-7.34%CVXX
30 days+1.33%-10.38%CVXX
90 days—+21.21%—

Correlation

-0.12over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1290d: 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	CVXX	CRCLB
Max drawdown (400d)	-7.4%	-31.5%
Risk-adjusted return (90d)	0.03	0.25

Relative strength over 90 days: CVXX outperformed CRCLB by 17.6% — measured on the CVXX/CRCLB ratio, so it holds regardless of market direction.

Chevron xStock →Circle Internet Group (bStocks Tokenized Stock) →