Ero Copper (Dinari Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 2122.7× the size of Ero Copper (Dinari Tokenized Stock) (ERO) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.01 across 28 shared trading days). Both have run at a similar volatility, around 76% annualised.

Correlation: -0.01
Size ratio: 1 : 2122.7

Ero Copper (Dinari Tokenized Stock)ERO

$30.4900

24h: +0.52%
Market cap: $70,721
Volume 24h: $43
Volatility (ann.): 71%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$67.9000

24h: -10.54%
Market cap: $150.12M
Volume 24h: $39.67M
Volatility (ann.): 82%

ERO 0.0%Share of the two combined market caps100.0% CRCLB

Performance

EROCRCLB

7 days+0.80%-5.56%ERO
30 days+7.49%-9.22%ERO
90 days—+19.24%—

Correlation

-0.01over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0190d: 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	ERO	CRCLB
Max drawdown (400d)	-15.5%	-31.5%
Risk-adjusted return (90d)	0.11	0.23

Relative strength over 90 days: ERO outperformed CRCLB by 33.6% — measured on the ERO/CRCLB ratio, so it holds regardless of market direction.

Ero Copper (Dinari Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →