Circle xStock vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 1.3× the size of Circle xStock (CRCLX) by market capitalisation. Their daily returns move very closely together (correlation 0.97 across 57 shared trading days). CRCLX has been the more volatile of the two, at 95% annualised against CRCLB's 82%.

Correlation: 0.97
Size ratio: 1 : 1.3

Circle xStockCRCLX

$75.1800

24h: +0.93%
Market cap: $123.08M
Volume 24h: $17.93M
Volatility (ann.): 95%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.5100

24h: +0.92%
Market cap: $160.17M
Volume 24h: $42.04M
Volatility (ann.): 82%

CRCLX 43.5%Share of the two combined market caps56.5% CRCLB

Performance

CRCLXCRCLB

7 days-5.30%-5.56%CRCLX
30 days-15.86%-9.22%CRCLB
90 days—+19.24%—

Correlation

0.97over 57 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.9790d: 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	CRCLX	CRCLB
Max drawdown (400d)	-30.8%	-31.5%
Risk-adjusted return (90d)	0.06	0.23

Relative strength over 90 days: CRCLB outperformed CRCLX by 0.5% — measured on the CRCLX/CRCLB ratio, so it holds regardless of market direction.

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