Circle aStock vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 170928.5× the size of Circle aStock (ACRCL) by market capitalisation. Their daily returns move very closely together (correlation 0.90 across 31 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against ACRCL's 70%.

Correlation: 0.90
Size ratio: 1 : 170928.5

Circle aStockACRCL

$75.8800

24h: +2.95%
Market cap: $937
Volume 24h: —
Volatility (ann.): 70%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.0600

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

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

Performance

ACRCLCRCLB

7 days-6.76%-5.56%CRCLB
30 days-8.57%-9.22%ACRCL
90 days—+19.24%—

Correlation

0.90over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.9090d: 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	ACRCL	CRCLB
Max drawdown (400d)	-11.8%	-31.5%
Risk-adjusted return (90d)	-0.12	0.23

Relative strength over 90 days: ACRCL outperformed CRCLB by 0.3% — measured on the ACRCL/CRCLB ratio, so it holds regardless of market direction.

Circle aStock →Circle Internet Group (bStocks Tokenized Stock) →