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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 41599.6× the size of Ciena Tokenized Stock (Reality) (RCIEN) by market capitalisation. Their daily returns move loosely together (correlation 0.37 across 26 shared trading days). Both have run at a similar volatility, around 87% annualised.

Correlation: 0.37
Size ratio: 1 : 41599.6

Ciena Tokenized Stock (Reality)RCIEN

$235.9500

24h: -12.39%
Market cap: $3,628
Volume 24h: $5,320
Volatility (ann.): 90%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$69.1400

24h: -9.37%
Market cap: $150.94M
Volume 24h: $44.40M
Volatility (ann.): 83%

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

Performance

RCIENCRCLB

7 days+3.23%-10.02%RCIEN
30 days+20.33%-18.89%RCIEN
90 days—+1.70%—

Correlation

0.37over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3790d: 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	RCIEN	CRCLB
Max drawdown (400d)	-10.8%	-35.4%
Risk-adjusted return (90d)	0.22	0.02

Relative strength over 90 days: RCIEN outperformed CRCLB by 21.1% — measured on the RCIEN/CRCLB ratio, so it holds regardless of market direction.

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