Goldman Sachs xStock vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 380.3× the size of Goldman Sachs xStock (GSX) by market capitalisation. Their daily returns move barely together (correlation 0.02 across 23 shared trading days). GSX has been the more volatile of the two, at 148319% annualised against CRCLB's 82%.

Correlation: 0.02
Size ratio: 1 : 380.3

Goldman Sachs xStockGSX

$932.4500

24h: +4.07%
Market cap: $421,301
Volume 24h: $23,881
Volatility (ann.): 148319%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.0600

24h: +0.56%
Market cap: $160.24M
Volume 24h: $41.83M
Volatility (ann.): 82%

GSX 0.3%Share of the two combined market caps99.7% CRCLB

Performance

GSXCRCLB

7 days-56.81%-5.56%CRCLB
30 days-83.06%-9.22%CRCLB
90 days—+19.24%—

Correlation

0.02over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	GSX	CRCLB
Max drawdown (400d)	-100.0%	-31.5%
Risk-adjusted return (90d)	0.00	0.23

Relative strength over 90 days: CRCLB outperformed GSX by 69.6% — measured on the GSX/CRCLB ratio, so it holds regardless of market direction.

Goldman Sachs xStock →Circle Internet Group (bStocks Tokenized Stock) →