Coinbase Global aStock vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 297865.3× the size of Coinbase Global aStock (ACOIN) by market capitalisation. Their daily returns move closely together (correlation 0.78 across 31 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against ACOIN's 58%.

Correlation: 0.78
Size ratio: 1 : 297865.3

Coinbase Global aStockACOIN

$142.8700

24h: +3.47%
Market cap: $540
Volume 24h: —
Volatility (ann.): 58%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.8300

24h: +1.89%
Market cap: $160.82M
Volume 24h: $43.73M
Volatility (ann.): 82%

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

Performance

ACOINCRCLB

7 days-6.36%-5.56%CRCLB
30 days-18.31%-9.22%CRCLB
90 days—+19.24%—

Correlation

0.78over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7890d: 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	ACOIN	CRCLB
Max drawdown (400d)	-18.3%	-31.5%
Risk-adjusted return (90d)	-0.32	0.23

Relative strength over 90 days: CRCLB outperformed ACOIN by 10.4% — measured on the ACOIN/CRCLB ratio, so it holds regardless of market direction.

Coinbase Global aStock →Circle Internet Group (bStocks Tokenized Stock) →