CrowdStrike xStock vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 191.9× the size of CrowdStrike xStock (CRWDX) by market capitalisation. Their daily returns move barely together (correlation 0.18 across 111 shared trading days). CRWDX has been the more volatile of the two, at 108% annualised against CRCLB's 82%.

Correlation: 0.18
Size ratio: 1 : 191.9

CrowdStrike xStockCRWDX

$242.4100

24h: -0.57%
Market cap: $847,113
Volume 24h: $1,555
Volatility (ann.): 108%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$74.4200

24h: -1.19%
Market cap: $162.56M
Volume 24h: $38.24M
Volatility (ann.): 82%

CRWDX 0.5%Share of the two combined market caps99.5% CRCLB

Performance

CRWDXCRCLB

7 days+0.84%-7.34%CRWDX
30 days+15.88%-10.38%CRWDX
90 days+31.18%+21.21%CRWDX
1 year+101.46%——

Correlation

0.18over 111 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5090d: 0.191y: 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	CRWDX	CRCLB
Max drawdown (400d)	-38.8%	-31.5%
Risk-adjusted return (90d)	0.38	0.25

Relative strength over 90 days: CRCLB outperformed CRWDX by 2.4% — measured on the CRWDX/CRCLB ratio, so it holds regardless of market direction.

CrowdStrike xStock →Circle Internet Group (bStocks Tokenized Stock) →