Cloudflare, Inc. • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 1050.6× the size of Cloudflare, Inc. • Robinhood Token (NET) by market capitalisation. Their daily returns move barely together (correlation 0.30 across 39 shared trading days). Both have run at a similar volatility, around 78% annualised.

Correlation: 0.30
Size ratio: 1 : 1050.6

Cloudflare, Inc. • Robinhood TokenNET

$263.3500

24h: -1.54%
Market cap: $140,394
Volume 24h: $86,542
Volatility (ann.): 74%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$69.3500

24h: -9.75%
Market cap: $147.49M
Volume 24h: $34.87M
Volatility (ann.): 82%

NET 0.1%Share of the two combined market caps99.9% CRCLB

Performance

NETCRCLB

7 days-14.53%-5.56%CRCLB
30 days-15.29%-9.22%CRCLB
90 days—+19.24%—

Correlation

0.30over 39 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4290d: 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	NET	CRCLB
Max drawdown (400d)	-26.1%	-31.5%
Risk-adjusted return (90d)	-0.09	0.23

Relative strength over 90 days: NET outperformed CRCLB by 9.2% — measured on the NET/CRCLB ratio, so it holds regardless of market direction.

Cloudflare, Inc. • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →