Credo Technology Group Holding Tokenized Stock (Reality) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 3479.3× the size of Credo Technology Group Holding Tokenized Stock (Reality) (RCRDO) by market capitalisation. Their daily returns move barely together (correlation 0.23 across 26 shared trading days). Both have run at a similar volatility, around 81% annualised.

Correlation: 0.23
Size ratio: 1 : 3479.3

Credo Technology Group Holding Tokenized Stock (Reality)RCRDO

$133.0300

24h: -9.11%
Market cap: $46,222
Volume 24h: $81,038
Volatility (ann.): 79%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.0400

24h: +0.69%
Market cap: $160.82M
Volume 24h: $42.23M
Volatility (ann.): 82%

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

Performance

RCRDOCRCLB

7 days-7.02%-5.56%CRCLB
30 days+31.63%-9.22%RCRDO
90 days—+19.24%—

Correlation

0.23over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2390d: 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	RCRDO	CRCLB
Max drawdown (400d)	-10.5%	-31.5%
Risk-adjusted return (90d)	0.40	0.23

Relative strength over 90 days: RCRDO outperformed CRCLB by 32.5% — measured on the RCRDO/CRCLB ratio, so it holds regardless of market direction.

Credo Technology Group Holding Tokenized Stock (Reality) →Circle Internet Group (bStocks Tokenized Stock) →