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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 372.1× the size of Intel (Backpack Securities) (INTC) by market capitalisation. Their daily returns move barely together (correlation 0.30 across 38 shared trading days). INTC has been the more volatile of the two, at 123% annualised against CRCLB's 82%.

Correlation: 0.30
Size ratio: 1 : 372.1

Intel (Backpack Securities)INTC

$59.0700

24h: -3.79%
Market cap: $445,582
Volume 24h: $446,797
Volatility (ann.): 123%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.7900

24h: +0.94%
Market cap: $165.82M
Volume 24h: $44.25M
Volatility (ann.): 82%

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

Performance

INTCCRCLB

7 days-48.92%-7.34%CRCLB
30 days-41.05%-10.38%CRCLB
90 days—+21.21%—

Correlation

0.30over 38 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4190d: 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	INTC	CRCLB
Max drawdown (400d)	-53.0%	-31.5%
Risk-adjusted return (90d)	-0.25	0.25

Relative strength over 90 days: CRCLB outperformed INTC by 18.1% — measured on the INTC/CRCLB ratio, so it holds regardless of market direction.

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