Firefly Aerospace Tokenized Stock (Reality) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 2897.0× the size of Firefly Aerospace Tokenized Stock (Reality) (RFLY) by market capitalisation. Their daily returns move barely together (correlation 0.12 across 26 shared trading days). Both have run at a similar volatility, around 81% annualised.

Correlation: 0.12
Size ratio: 1 : 2897.0

Firefly Aerospace Tokenized Stock (Reality)RFLY

$16.8700

24h: +0.70%
Market cap: $52,000
Volume 24h: $23,757
Volatility (ann.): 79%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$69.3300

24h: -10.57%
Market cap: $150.64M
Volume 24h: $41.90M
Volatility (ann.): 82%

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

Performance

RFLYCRCLB

7 days-22.60%-5.56%CRCLB
30 days-18.55%-9.22%CRCLB
90 days—+19.24%—

Correlation

0.12over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1290d: 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	RFLY	CRCLB
Max drawdown (400d)	-31.8%	-31.5%
Risk-adjusted return (90d)	-0.23	0.23

Relative strength over 90 days: CRCLB outperformed RFLY by 19.3% — measured on the RFLY/CRCLB ratio, so it holds regardless of market direction.

Firefly Aerospace Tokenized Stock (Reality) →Circle Internet Group (bStocks Tokenized Stock) →