IREN Limited (bStocks Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 89.7× the size of IREN Limited (bStocks Tokenized Stock) (IRENB) by market capitalisation. Over the past 90 days, CRCLB is ahead by 57.7 percentage points (IRENB -36.5% against CRCLB +21.2%). Their daily returns move loosely together (correlation 0.49 across 91 shared trading days). Both have run at a similar volatility, around 85% annualised.

Correlation: 0.49
Size ratio: 1 : 89.7
Ahead over 90 days: CRCLB

IREN Limited (bStocks Tokenized Stock)IRENB

$23.0500

24h: -1.60%
Market cap: $1.78M
Volume 24h: $292,138
Volatility (ann.): 88%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$73.8400

24h: +0.71%
Market cap: $159.66M
Volume 24h: $26.07M
Volatility (ann.): 82%

IRENB 1.1%Share of the two combined market caps98.9% CRCLB

Performance

IRENBCRCLB

7 days-11.03%-7.34%CRCLB
30 days-41.51%-10.38%CRCLB
90 days-36.47%+21.21%CRCLB

Correlation

0.49over 91 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5790d: 0.491y: 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	IRENB	CRCLB
Max drawdown (400d)	-53.7%	-31.5%
Risk-adjusted return (90d)	-0.41	0.25

Relative strength over 90 days: CRCLB outperformed IRENB by 47.6% — measured on the IRENB/CRCLB ratio, so it holds regardless of market direction.

IREN Limited (bStocks Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →