Gamestop xStock vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 79.4× the size of Gamestop xStock (GMEX) by market capitalisation. Their daily returns move barely together (correlation 0.13 across 38 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against GMEX's 48%.

Correlation: 0.13
Size ratio: 1 : 79.4

Gamestop xStockGMEX

$24.0600

24h: -0.51%
Market cap: $2.10M
Volume 24h: $859,068
Volatility (ann.): 48%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.6000

24h: +3.53%
Market cap: $166.96M
Volume 24h: $35.40M
Volatility (ann.): 82%

GMEX 1.2%Share of the two combined market caps98.8% CRCLB

Performance

GMEXCRCLB

7 days-0.25%-7.34%GMEX
30 days+20.31%-10.38%GMEX
90 days—+21.21%—

Correlation

0.13over 38 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1790d: 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	GMEX	CRCLB
Max drawdown (400d)	-6.7%	-31.5%
Risk-adjusted return (90d)	0.67	0.25

Relative strength over 90 days: GMEX outperformed CRCLB by 73.7% — measured on the GMEX/CRCLB ratio, so it holds regardless of market direction.

Gamestop xStock →Circle Internet Group (bStocks Tokenized Stock) →