Dell (bStocks Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 197.5× the size of Dell (bStocks Tokenized Stock) (DELLB) by market capitalisation. Over the past 90 days, CRCLB is ahead by 32.0 percentage points (DELLB -10.8% against CRCLB +21.2%). Their daily returns move barely together (correlation 0.20 across 98 shared trading days). Both have run at a similar volatility, around 77% annualised.

Correlation: 0.20
Size ratio: 1 : 197.5
Ahead over 90 days: CRCLB

Dell (bStocks Tokenized Stock)DELLB

$413.4300

24h: -0.46%
Market cap: $825,583
Volume 24h: $56,643
Volatility (ann.): 72%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.3900

24h: +5.67%
Market cap: $163.02M
Volume 24h: $23.11M
Volatility (ann.): 82%

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

Performance

DELLBCRCLB

7 days-17.43%-7.34%CRCLB
30 days-26.15%-10.38%CRCLB
90 days-10.80%+21.21%CRCLB

Correlation

0.20over 98 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4390d: 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	DELLB	CRCLB
Max drawdown (400d)	-33.0%	-31.5%
Risk-adjusted return (90d)	-0.15	0.25

Relative strength over 90 days: CRCLB outperformed DELLB by 26.4% — measured on the DELLB/CRCLB ratio, so it holds regardless of market direction.

Dell (bStocks Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →