D-Wave Quantum Tokenized Stock (Reality) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 3725.8× the size of D-Wave Quantum Tokenized Stock (Reality) (RQBTS) by market capitalisation. Their daily returns move barely together (correlation 0.32 across 25 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against RQBTS's 56%.

Correlation: 0.32
Size ratio: 1 : 3725.8

D-Wave Quantum Tokenized Stock (Reality)RQBTS

$10.2900

24h: +2.02%
Market cap: $38,812
Volume 24h: $130
Volatility (ann.): 56%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$66.5200

24h: -12.77%
Market cap: $144.61M
Volume 24h: $40.56M
Volatility (ann.): 82%

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

Performance

RQBTSCRCLB

7 days-8.38%-5.56%CRCLB
30 days-11.28%-9.22%CRCLB
90 days—+19.24%—

Correlation

0.32over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3290d: 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	RQBTS	CRCLB
Max drawdown (400d)	-17.8%	-31.5%
Risk-adjusted return (90d)	-0.20	0.23

Relative strength over 90 days: CRCLB outperformed RQBTS by 12.4% — measured on the RQBTS/CRCLB ratio, so it holds regardless of market direction.

D-Wave Quantum Tokenized Stock (Reality) →Circle Internet Group (bStocks Tokenized Stock) →