Figma, Inc. • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 1080.9× the size of Figma, Inc. • Robinhood Token (FIG) by market capitalisation. Their daily returns move barely together (correlation 0.04 across 38 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against FIG's 65%.

Correlation: 0.04
Size ratio: 1 : 1080.9

Figma, Inc. • Robinhood TokenFIG

$21.2200

24h: +1.82%
Market cap: $148,789
Volume 24h: $79,238
Volatility (ann.): 65%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.0400

24h: +0.69%
Market cap: $160.82M
Volume 24h: $42.23M
Volatility (ann.): 82%

FIG 0.1%Share of the two combined market caps99.9% CRCLB

Performance

FIGCRCLB

7 days+1.38%-5.56%FIG
30 days-6.39%-9.22%FIG
90 days—+19.24%—

Correlation

0.04over 38 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0390d: 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	FIG	CRCLB
Max drawdown (400d)	-27.4%	-31.5%
Risk-adjusted return (90d)	-0.35	0.23

Relative strength over 90 days: CRCLB outperformed FIG by 9.6% — measured on the FIG/CRCLB ratio, so it holds regardless of market direction.

Figma, Inc. • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →