GameStop • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 60.1× the size of GameStop • Robinhood Token (GME) by market capitalisation. Their daily returns move barely together (correlation 0.13 across 40 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against GME's 43%.

Correlation: 0.13
Size ratio: 1 : 60.1

GameStop • Robinhood TokenGME

$23.9900

24h: -0.62%
Market cap: $2.65M
Volume 24h: $533,076
Volatility (ann.): 43%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$74.2100

24h: +0.71%
Market cap: $159.66M
Volume 24h: $26.07M
Volatility (ann.): 82%

GME 1.6%Share of the two combined market caps98.4% CRCLB

Performance

GMECRCLB

7 days+2.66%-7.34%GME
30 days+28.21%-10.38%GME
90 days—+21.21%—

Correlation

0.13over 40 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1590d: 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	GME	CRCLB
Max drawdown (400d)	-6.5%	-31.5%
Risk-adjusted return (90d)	0.70	0.25

Relative strength over 90 days: GME outperformed CRCLB by 51.0% — measured on the GME/CRCLB ratio, so it holds regardless of market direction.

GameStop • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →