Eli Lilly xStock vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 128.2× the size of Eli Lilly xStock (LLYX) by market capitalisation. Their daily returns move barely together (correlation 0.04 across 111 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against LLYX's 53%.

Correlation: 0.04
Size ratio: 1 : 128.2

Eli Lilly xStockLLYX

$1,425.44

24h: -0.35%
Market cap: $1.30M
Volume 24h: $27,764
Volatility (ann.): 53%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.6000

24h: +3.53%
Market cap: $166.96M
Volume 24h: $35.40M
Volatility (ann.): 82%

LLYX 0.8%Share of the two combined market caps99.2% CRCLB

Performance

LLYXCRCLB

7 days+1.24%-7.34%LLYX
30 days-5.18%-10.38%LLYX
90 days-2.18%+21.21%CRCLB
1 year+43.28%——

Correlation

0.04over 111 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0190d: 0.001y: 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	LLYX	CRCLB
Max drawdown (400d)	-23.9%	-31.5%
Risk-adjusted return (90d)	-0.04	0.25

Relative strength over 90 days: CRCLB outperformed LLYX by 27.2% — measured on the LLYX/CRCLB ratio, so it holds regardless of market direction.

Eli Lilly xStock →Circle Internet Group (bStocks Tokenized Stock) →