Circle Internet Group • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 15.4× the size of Circle Internet Group • Robinhood Token (CRCL) by market capitalisation. Their daily returns move very closely together (correlation 0.97 across 41 shared trading days). Both have run at a similar volatility, around 88% annualised.

Correlation: 0.97
Size ratio: 1 : 15.4

Circle Internet Group • Robinhood TokenCRCL

$73.9200

24h: +2.48%
Market cap: $10.61M
Volume 24h: $2.13M
Volatility (ann.): 93%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.3900

24h: +5.67%
Market cap: $163.02M
Volume 24h: $23.11M
Volatility (ann.): 82%

CRCL 6.1%Share of the two combined market caps93.9% CRCLB

Performance

CRCLCRCLB

7 days-6.97%-7.34%CRCL
30 days-21.88%-10.38%CRCLB
90 days—+21.21%—

Correlation

0.97over 41 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.9690d: 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	CRCL	CRCLB
Max drawdown (400d)	-30.8%	-31.5%
Risk-adjusted return (90d)	-0.15	0.25

Relative strength over 90 days: CRCL outperformed CRCLB by 0.8% — measured on the CRCL/CRCLB ratio, so it holds regardless of market direction.

Circle Internet Group • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →