D-Wave Quantum • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 26002.5× the size of D-Wave Quantum • Robinhood Token (QBTS) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.12 across 22 shared trading days). QBTS has been the more volatile of the two, at 189% annualised against CRCLB's 82%.

Correlation: -0.12
Size ratio: 1 : 26002.5

D-Wave Quantum • Robinhood TokenQBTS

$10.3500

24h: —
Market cap: $5,773
Volume 24h: $70
Volatility (ann.): 189%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$67.9000

24h: -10.54%
Market cap: $150.12M
Volume 24h: $39.67M
Volatility (ann.): 82%

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

Performance

QBTSCRCLB

7 days-12.22%-5.56%CRCLB
30 days—-9.22%—
90 days—+19.24%—

Correlation

-0.12over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	QBTS	CRCLB
Max drawdown (400d)	-39.2%	-31.5%
Risk-adjusted return (90d)	-0.21	0.23

Relative strength over 90 days: CRCLB outperformed QBTS by 34.1% — measured on the QBTS/CRCLB ratio, so it holds regardless of market direction.

D-Wave Quantum • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →