Forward Industries Tokenized Stock (Reality) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 4983.7× the size of Forward Industries Tokenized Stock (Reality) (RFWDI) by market capitalisation. Their daily returns move closely together (correlation 0.65 across 25 shared trading days). RFWDI has been the more volatile of the two, at 115% annualised against CRCLB's 82%.

Correlation: 0.65
Size ratio: 1 : 4983.7

Forward Industries Tokenized Stock (Reality)RFWDI

$6.4400

24h: +6.14%
Market cap: $29,123
Volume 24h: $1,846
Volatility (ann.): 115%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$65.9200

24h: -10.18%
Market cap: $145.14M
Volume 24h: $34.28M
Volatility (ann.): 82%

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

Performance

RFWDICRCLB

7 days-12.45%-5.56%CRCLB
30 days+16.97%-9.22%RFWDI
90 days—+19.24%—

Correlation

0.65over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6590d: 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	RFWDI	CRCLB
Max drawdown (400d)	-17.7%	-31.5%
Risk-adjusted return (90d)	0.15	0.23

Relative strength over 90 days: RFWDI outperformed CRCLB by 17.7% — measured on the RFWDI/CRCLB ratio, so it holds regardless of market direction.

Forward Industries Tokenized Stock (Reality) →Circle Internet Group (bStocks Tokenized Stock) →