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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 72.2× the size of Coinbase Tokenized Stock (Reality) (RCOIN) by market capitalisation. Their daily returns move closely together (correlation 0.84 across 25 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against RCOIN's 66%.

Correlation: 0.84
Size ratio: 1 : 72.2

Coinbase Tokenized Stock (Reality)RCOIN

$151.6900

24h: +6.56%
Market cap: $2.25M
Volume 24h: $411,581
Volatility (ann.): 66%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.2000

24h: +3.14%
Market cap: $162.27M
Volume 24h: $43.93M
Volatility (ann.): 82%

RCOIN 1.4%Share of the two combined market caps98.6% CRCLB

Performance

RCOINCRCLB

7 days-5.43%-5.56%RCOIN
30 days+0.65%-9.22%RCOIN
90 days—+19.24%—

Correlation

0.84over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8490d: 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	RCOIN	CRCLB
Max drawdown (400d)	-14.6%	-31.5%
Risk-adjusted return (90d)	0.01	0.23

Relative strength over 90 days: RCOIN outperformed CRCLB by 0.7% — measured on the RCOIN/CRCLB ratio, so it holds regardless of market direction.

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