Intuitive Machines Tokenized Stock (Reality) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 2968.5× the size of Intuitive Machines Tokenized Stock (Reality) (RLUNR) by market capitalisation. Their daily returns move barely together (correlation 0.13 across 25 shared trading days). Both have run at a similar volatility, around 84% annualised.

Correlation: 0.13
Size ratio: 1 : 2968.5

Intuitive Machines Tokenized Stock (Reality)RLUNR

$8.7900

24h: -11.53%
Market cap: $50,498
Volume 24h: $16,587
Volatility (ann.): 85%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$68.7800

24h: -9.49%
Market cap: $149.90M
Volume 24h: $45.98M
Volatility (ann.): 83%

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

Performance

RLUNRCRCLB

7 days-9.87%-10.02%RLUNR
30 days-7.08%-18.89%RLUNR
90 days—+1.70%—

Correlation

0.13over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1390d: 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	RLUNR	CRCLB
Max drawdown (400d)	-20.9%	-35.4%
Risk-adjusted return (90d)	-0.08	0.02

Relative strength over 90 days: CRCLB outperformed RLUNR by 6.5% — measured on the RLUNR/CRCLB ratio, so it holds regardless of market direction.

Intuitive Machines Tokenized Stock (Reality) →Circle Internet Group (bStocks Tokenized Stock) →