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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 372.9× the size of CoreWeave • Robinhood Token (CRWV) by market capitalisation. Their daily returns move barely together (correlation 0.19 across 38 shared trading days). CRWV has been the more volatile of the two, at 112% annualised against CRCLB's 82%.

Correlation: 0.19
Size ratio: 1 : 372.9

CoreWeave • Robinhood TokenCRWV

$51.0300

24h: +1.59%
Market cap: $437,184
Volume 24h: $130,861
Volatility (ann.): 112%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.3900

24h: +5.67%
Market cap: $163.02M
Volume 24h: $23.11M
Volatility (ann.): 82%

CRWV 0.3%Share of the two combined market caps99.7% CRCLB

Performance

CRWVCRCLB

7 days-38.96%-7.34%CRCLB
30 days-47.03%-10.38%CRCLB
90 days—+21.21%—

Correlation

0.19over 38 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2790d: 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	CRWV	CRCLB
Max drawdown (400d)	-47.0%	-31.5%
Risk-adjusted return (90d)	-0.31	0.25

Relative strength over 90 days: CRCLB outperformed CRWV by 23.1% — measured on the CRWV/CRCLB ratio, so it holds regardless of market direction.

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