International Business Machines Corporation • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 373.0× the size of International Business Machines Corporation • Robinhood Token (IBM) by market capitalisation. Their daily returns move barely together (correlation 0.02 across 36 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against IBM's 56%.

Correlation: 0.02
Size ratio: 1 : 373.0

International Business Machines Corporation • Robinhood TokenIBM

$247.7500

24h: -1.55%
Market cap: $437,009
Volume 24h: $19,214
Volatility (ann.): 56%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.3900

24h: +5.67%
Market cap: $163.02M
Volume 24h: $23.11M
Volatility (ann.): 82%

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

Performance

IBMCRCLB

7 days+17.51%-7.34%IBM
30 days+7.39%-10.38%IBM
90 days—+21.21%—

Correlation

0.02over 36 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0390d: 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	IBM	CRCLB
Max drawdown (400d)	-12.5%	-31.5%
Risk-adjusted return (90d)	0.23	0.25

Relative strength over 90 days: IBM outperformed CRCLB by 38.9% — measured on the IBM/CRCLB ratio, so it holds regardless of market direction.

International Business Machines Corporation • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →