IBM (bStocks Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 183.0× the size of IBM (bStocks Tokenized Stock) (IBMB) by market capitalisation. Over the past 90 days, CRCLB is ahead by 15.0 percentage points (IBMB +6.2% against CRCLB +21.2%). Their daily returns move barely together (correlation 0.19 across 112 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against IBMB's 30%.

Correlation: 0.19
Size ratio: 1 : 183.0
Ahead over 90 days: CRCLB

IBM (bStocks Tokenized Stock)IBMB

$255.0400

24h: -1.29%
Market cap: $872,387
Volume 24h: $284,105
Volatility (ann.): 30%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$73.8100

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

IBMB 0.5%Share of the two combined market caps99.5% CRCLB

Performance

IBMBCRCLB

7 days-0.29%-7.34%IBMB
30 days+11.44%-10.38%IBMB
90 days+6.18%+21.21%CRCLB

Correlation

0.19over 112 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1890d: 0.251y: 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	IBMB	CRCLB
Max drawdown (400d)	-11.3%	-31.5%
Risk-adjusted return (90d)	0.22	0.25

Relative strength over 90 days: CRCLB outperformed IBMB by 12.4% — measured on the IBMB/CRCLB ratio, so it holds regardless of market direction.

IBM (bStocks Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →