Clover Health Investments, Corp. • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 14296.3× the size of Clover Health Investments, Corp. • Robinhood Token (CLOV) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.01 across 33 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against CLOV's 53%.

Correlation: -0.01
Size ratio: 1 : 14296.3

Clover Health Investments, Corp. • Robinhood TokenCLOV

$4.7300

24h: +8.11%
Market cap: $10,115
Volume 24h: $1,034
Volatility (ann.): 53%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$67.5300

24h: -12.77%
Market cap: $144.61M
Volume 24h: $40.56M
Volatility (ann.): 82%

CLOV 0.0%Share of the two combined market caps100.0% CRCLB

Performance

CLOVCRCLB

7 days-1.09%-5.56%CLOV
30 days+4.38%-9.22%CLOV
90 days—+19.24%—

Correlation

-0.01over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0190d: 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	CLOV	CRCLB
Max drawdown (400d)	-13.2%	-31.5%
Risk-adjusted return (90d)	0.07	0.23

Relative strength over 90 days: CLOV outperformed CRCLB by 14.0% — measured on the CLOV/CRCLB ratio, so it holds regardless of market direction.

Clover Health Investments, Corp. • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →