Firefly Aerospace Inc. • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 16611.0× the size of Firefly Aerospace Inc. • Robinhood Token (FLY) by market capitalisation. Their daily returns move barely together (correlation 0.03 across 30 shared trading days). Both have run at a similar volatility, around 79% annualised.

Correlation: 0.03
Size ratio: 1 : 16611.0

Firefly Aerospace Inc. • Robinhood TokenFLY

$15.9900

24h: -4.57%
Market cap: $9,024
Volume 24h: $142
Volatility (ann.): 75%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$68.7800

24h: -9.49%
Market cap: $149.90M
Volume 24h: $45.98M
Volatility (ann.): 83%

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

Performance

FLYCRCLB

7 days-13.26%-10.02%CRCLB
30 days-27.11%-18.89%CRCLB
90 days—+1.70%—

Correlation

0.03over 30 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	FLY	CRCLB
Max drawdown (400d)	-29.7%	-35.4%
Risk-adjusted return (90d)	-0.36	0.02

Relative strength over 90 days: CRCLB outperformed FLY by 10.8% — measured on the FLY/CRCLB ratio, so it holds regardless of market direction.

Firefly Aerospace Inc. • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →