Comfort Systems USA, Inc. • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 15188.3× the size of Comfort Systems USA, Inc. • Robinhood Token (FIX) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.03 across 33 shared trading days). Both have run at a similar volatility, around 85% annualised.

Correlation: -0.03
Size ratio: 1 : 15188.3

Comfort Systems USA, Inc. • Robinhood TokenFIX

$980.2200

24h: -10.11%
Market cap: $9,887
Volume 24h: $347
Volatility (ann.): 87%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$68.3600

24h: -9.50%
Market cap: $150.17M
Volume 24h: $45.62M
Volatility (ann.): 83%

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

Performance

FIXCRCLB

7 days-24.46%-10.02%CRCLB
30 days-41.65%-18.89%CRCLB
90 days—+1.70%—

Correlation

-0.03over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0390d: 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	FIX	CRCLB
Max drawdown (400d)	-44.1%	-35.4%
Risk-adjusted return (90d)	-0.47	0.02

Relative strength over 90 days: CRCLB outperformed FIX by 27.1% — measured on the FIX/CRCLB ratio, so it holds regardless of market direction.

Comfort Systems USA, Inc. • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →