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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 18.7× the size of Circle Internet Group • Robinhood Token (CRCL) by market capitalisation. Their daily returns move loosely together (correlation 0.46 across 41 shared trading days). CRCL has been the more volatile of the two, at 93% annualised against SPCXB's 71%.

Correlation: 0.46
Size ratio: 1 : 18.7

Circle Internet Group • Robinhood TokenCRCL

$73.9200

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

SpaceX (bStocks Tokenized Stock)SPCXB

$135.5800

24h: -0.83%
Market cap: $198.53M
Volume 24h: $45.25M
Volatility (ann.): 71%

CRCL 5.1%Share of the two combined market caps94.9% SPCXB

Performance

CRCLSPCXB

7 days-6.97%-5.60%SPCXB
30 days-21.88%-11.42%SPCXB
90 days—+28.18%—

Correlation

0.46over 41 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2690d: 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	SPCXB
Max drawdown (400d)	-30.8%	-47.5%
Risk-adjusted return (90d)	-0.15	0.45

Relative strength over 90 days: SPCXB outperformed CRCL by 14.2% — measured on the CRCL/SPCXB ratio, so it holds regardless of market direction.

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