International Business Machines xStock vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 148.0× the size of International Business Machines xStock (IBMX) by market capitalisation. Their daily returns move barely together (correlation 0.08 across 28 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against IBMX's 58%.

Correlation: 0.08
Size ratio: 1 : 148.0

International Business Machines xStockIBMX

$249.5800

24h: -0.85%
Market cap: $1.10M
Volume 24h: $8,632
Volatility (ann.): 58%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.3900

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

IBMX 0.7%Share of the two combined market caps99.3% CRCLB

Performance

IBMXCRCLB

7 days-7.13%-7.34%IBMX
30 days-5.70%-10.38%IBMX
90 days—+21.21%—

Correlation

0.08over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0890d: 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	IBMX	CRCLB
Max drawdown (400d)	-13.5%	-31.5%
Risk-adjusted return (90d)	-0.10	0.25

Relative strength over 90 days: IBMX outperformed CRCLB by 18.4% — measured on the IBMX/CRCLB ratio, so it holds regardless of market direction.

International Business Machines xStock →Circle Internet Group (bStocks Tokenized Stock) →