IonQ • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 16784.9× the size of IonQ • Robinhood Token (IONQ) by market capitalisation. Their daily returns move barely together (correlation 0.28 across 28 shared trading days). IONQ has been the more volatile of the two, at 96% annualised against CRCLB's 83%.

Correlation: 0.28
Size ratio: 1 : 16784.9

IonQ • Robinhood TokenIONQ

$27.4800

24h: -11.09%
Market cap: $9,086
Volume 24h: $378
Volatility (ann.): 96%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$69.2800

24h: -7.92%
Market cap: $152.50M
Volume 24h: $47.56M
Volatility (ann.): 83%

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

Performance

IONQCRCLB

7 days-6.97%-10.02%IONQ
30 days-33.55%-18.89%CRCLB
90 days—+1.70%—

Correlation

0.28over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2890d: 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	IONQ	CRCLB
Max drawdown (400d)	-33.7%	-35.4%
Risk-adjusted return (90d)	-0.35	0.02

Relative strength over 90 days: CRCLB outperformed IONQ by 18.6% — measured on the IONQ/CRCLB ratio, so it holds regardless of market direction.

IonQ • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →