Circle Internet Group (bStocks Tokenized Stock) vs Strategy PP Variable xStock

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 1.1× the size of Strategy PP Variable xStock (STRCX) by market capitalisation. Their daily returns move barely together (correlation 0.13 across 58 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against STRCX's 51%.

Correlation: 0.13
Size ratio: 1.1×

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.8800

24h: +1.89%
Market cap: $160.82M
Volume 24h: $43.73M
Volatility (ann.): 82%

Strategy PP Variable xStockSTRCX

$109.6900

24h: +0.29%
Market cap: $142.13M
Volume 24h: $500,534
Volatility (ann.): 51%

CRCLB 53.1%Share of the two combined market caps46.9% STRCX

Performance

CRCLBSTRCX

7 days-5.56%+0.05%STRCX
30 days-9.22%+3.64%STRCX
90 days+19.24%——

Correlation

0.13over 58 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0690d: 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	CRCLB	STRCX
Max drawdown (400d)	-31.5%	-7.5%
Risk-adjusted return (90d)	0.23	0.16

Relative strength over 90 days: STRCX outperformed CRCLB by 6.3% — measured on the CRCLB/STRCX ratio, so it holds regardless of market direction.

Circle Internet Group (bStocks Tokenized Stock) →Strategy PP Variable xStock →