Eli Lilly and Company (Backpack Securities) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 446.5× the size of Eli Lilly and Company (Backpack Securities) (LLY) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.14 across 39 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against LLY's 46%.

Correlation: -0.14
Size ratio: 1 : 446.5

Eli Lilly and Company (Backpack Securities)LLY

$1,432.51

24h: +0.64%
Market cap: $356,004
Volume 24h: $392,730
Volatility (ann.): 46%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$74.2500

24h: +0.44%
Market cap: $158.96M
Volume 24h: $33.23M
Volatility (ann.): 82%

LLY 0.2%Share of the two combined market caps99.8% CRCLB

Performance

LLYCRCLB

7 days+9.38%-5.56%LLY
30 days+26.41%-9.22%LLY
90 days—+19.24%—

Correlation

-0.14over 39 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2590d: 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	LLY	CRCLB
Max drawdown (400d)	-4.5%	-31.5%
Risk-adjusted return (90d)	0.49	0.23

Relative strength over 90 days: LLY outperformed CRCLB by 43.7% — measured on the LLY/CRCLB ratio, so it holds regardless of market direction.

Eli Lilly and Company (Backpack Securities) →Circle Internet Group (bStocks Tokenized Stock) →