Danaher xStock vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 813.6× the size of Danaher xStock (DHRX) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.05 across 111 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against DHRX's 42%.

Correlation: -0.05
Size ratio: 1 : 813.6

Danaher xStockDHRX

$234.8200

24h: +1.10%
Market cap: $176,198
Volume 24h: $21,381
Volatility (ann.): 42%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$66.7400

24h: -12.45%
Market cap: $143.35M
Volume 24h: $40.23M
Volatility (ann.): 82%

DHRX 0.1%Share of the two combined market caps99.9% CRCLB

Performance

DHRXCRCLB

7 days-1.88%-5.56%DHRX
30 days+0.29%-9.22%DHRX
90 days+12.35%+19.24%CRCLB
1 year+4.10%——

Correlation

-0.05over 111 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0890d: 0.021y: 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	DHRX	CRCLB
Max drawdown (400d)	-34.1%	-31.5%
Risk-adjusted return (90d)	0.30	0.23

Relative strength over 90 days: CRCLB outperformed DHRX by 16.4% — measured on the DHRX/CRCLB ratio, so it holds regardless of market direction.

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