Coherent Tokenized Stock (Reality) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 509.5× the size of Coherent Tokenized Stock (Reality) (RCOHR) by market capitalisation. Their daily returns move barely together (correlation 0.26 across 25 shared trading days). Both have run at a similar volatility, around 82% annualised.

Correlation: 0.26
Size ratio: 1 : 509.5

Coherent Tokenized Stock (Reality)RCOHR

$203.6200

24h: +0.72%
Market cap: $315,669
Volume 24h: $24,562
Volatility (ann.): 83%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.0400

24h: +0.69%
Market cap: $160.82M
Volume 24h: $42.23M
Volatility (ann.): 82%

RCOHR 0.2%Share of the two combined market caps99.8% CRCLB

Performance

RCOHRCRCLB

7 days-9.45%-5.56%CRCLB
30 days+12.61%-9.22%RCOHR
90 days—+19.24%—

Correlation

0.26over 25 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	RCOHR	CRCLB
Max drawdown (400d)	-12.1%	-31.5%
Risk-adjusted return (90d)	0.15	0.23

Relative strength over 90 days: RCOHR outperformed CRCLB by 12.6% — measured on the RCOHR/CRCLB ratio, so it holds regardless of market direction.

Coherent Tokenized Stock (Reality) →Circle Internet Group (bStocks Tokenized Stock) →