Cipher Mining Tokenized Stock (Reality) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 8480.8× the size of Cipher Mining Tokenized Stock (Reality) (RCIFR) by market capitalisation. Their daily returns move loosely together (correlation 0.39 across 25 shared trading days). Both have run at a similar volatility, around 79% annualised.

Correlation: 0.39
Size ratio: 1 : 8480.8

Cipher Mining Tokenized Stock (Reality)RCIFR

$6.4500

24h: -14.53%
Market cap: $18,719
Volume 24h: $6,637
Volatility (ann.): 77%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$74.2600

24h: +0.33%
Market cap: $158.75M
Volume 24h: $34.09M
Volatility (ann.): 82%

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

Performance

RCIFRCRCLB

7 days-14.16%-5.56%CRCLB
30 days-10.40%-9.22%CRCLB
90 days—+19.24%—

Correlation

0.39over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3990d: 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	RCIFR	CRCLB
Max drawdown (400d)	-29.4%	-31.5%
Risk-adjusted return (90d)	-0.14	0.23

Relative strength over 90 days: CRCLB outperformed RCIFR by 12.3% — measured on the RCIFR/CRCLB ratio, so it holds regardless of market direction.

Cipher Mining Tokenized Stock (Reality) →Circle Internet Group (bStocks Tokenized Stock) →