Coinbase • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 53.7× the size of Coinbase • Robinhood Token (COIN) by market capitalisation. Their daily returns move closely together (correlation 0.78 across 39 shared trading days). COIN has been the more volatile of the two, at 100% annualised against CRCLB's 82%.

Correlation: 0.78
Size ratio: 1 : 53.7

Coinbase • Robinhood TokenCOIN

$142.5400

24h: +3.24%
Market cap: $3.11M
Volume 24h: $1.05M
Volatility (ann.): 100%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.6000

24h: +3.53%
Market cap: $166.96M
Volume 24h: $35.40M
Volatility (ann.): 82%

COIN 1.8%Share of the two combined market caps98.2% CRCLB

Performance

COINCRCLB

7 days-7.71%-7.34%CRCLB
30 days-21.13%-10.38%CRCLB
90 days—+21.21%—

Correlation

0.78over 39 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8090d: 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	COIN	CRCLB
Max drawdown (400d)	-31.0%	-31.5%
Risk-adjusted return (90d)	-0.19	0.25

Relative strength over 90 days: CRCLB outperformed COIN by 6.1% — measured on the COIN/CRCLB ratio, so it holds regardless of market direction.

Coinbase • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →