HP Tokenized Stock (Reality) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 5777.9× the size of HP Tokenized Stock (Reality) (RHPQ) by market capitalisation. Their daily returns move barely together (correlation 0.07 across 25 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against RHPQ's 52%.

Correlation: 0.07
Size ratio: 1 : 5777.9

HP Tokenized Stock (Reality)RHPQ

$28.4300

24h: -0.21%
Market cap: $28,647
Volume 24h: $99
Volatility (ann.): 52%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.3600

24h: +0.66%
Market cap: $165.52M
Volume 24h: $44.11M
Volatility (ann.): 82%

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

Performance

RHPQCRCLB

7 days-5.58%-7.34%RHPQ
30 days-9.97%-10.38%RHPQ
90 days—+21.21%—

Correlation

0.07over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0790d: 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	RHPQ	CRCLB
Max drawdown (400d)	-13.8%	-31.5%
Risk-adjusted return (90d)	-0.19	0.25

Relative strength over 90 days: CRCLB outperformed RHPQ by 10.8% — measured on the RHPQ/CRCLB ratio, so it holds regardless of market direction.

HP Tokenized Stock (Reality) →Circle Internet Group (bStocks Tokenized Stock) →