Grindr (Backpack Securities) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 1010.4× the size of Grindr (Backpack Securities) (GRND) by market capitalisation. Their daily returns move loosely together (correlation 0.42 across 24 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against GRND's 69%.

Correlation: 0.42
Size ratio: 1 : 1010.4

Grindr (Backpack Securities)GRND

$14.0300

24h: +8.50%
Market cap: $146,097
Volume 24h: $439,942
Volatility (ann.): 69%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$69.7200

24h: -5.90%
Market cap: $147.61M
Volume 24h: $34.76M
Volatility (ann.): 82%

GRND 0.1%Share of the two combined market caps99.9% CRCLB

Performance

GRNDCRCLB

7 days+7.50%-5.56%GRND
30 days—-9.22%—
90 days—+19.24%—

Correlation

0.42over 24 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	GRND	CRCLB
Max drawdown (400d)	-18.8%	-31.5%
Risk-adjusted return (90d)	0.04	0.23

Relative strength over 90 days: GRND outperformed CRCLB by 10.4% — measured on the GRND/CRCLB ratio, so it holds regardless of market direction.

Grindr (Backpack Securities) →Circle Internet Group (bStocks Tokenized Stock) →