Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 226.5× the size of DFDV xStock (DFDVX) by market capitalisation. Their daily returns move loosely together (correlation 0.47 across 120 shared trading days). DFDVX has been the more volatile of the two, at 114% annualised against CRCLB's 82%.
$74.3300
DFDVXCRCLB
0.47over 120 shared trading days
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.
| Metric | DFDVX | CRCLB |
|---|---|---|
| Max drawdown (400d) | -85.5% | -31.5% |
| Risk-adjusted return (90d) | 0.05 | 0.25 |
| Best 30 days (past year) | +111.8% | — |
| Worst 30 days (past year) | -56.6% | — |
Relative strength over 90 days: CRCLB outperformed DFDVX by 5.2% — measured on the DFDVX/CRCLB ratio, so it holds regardless of market direction.