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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 815.3× the size of IREN Limited • Robinhood Token (IREN) by market capitalisation. Their daily returns move loosely together (correlation 0.53 across 36 shared trading days). IREN has been the more volatile of the two, at 109% annualised against CRCLB's 83%.

Correlation: 0.53
Size ratio: 1 : 815.3

IREN Limited • Robinhood TokenIREN

$20.5200

24h: -3.65%
Market cap: $187,049
Volume 24h: $76,755
Volatility (ann.): 109%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$69.4000

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

IREN 0.1%Share of the two combined market caps99.9% CRCLB

Performance

IRENCRCLB

7 days-27.10%-10.02%CRCLB
30 days-55.39%-18.89%CRCLB
90 days—+1.70%—

Correlation

0.53over 36 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5490d: 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	IREN	CRCLB
Max drawdown (400d)	-55.6%	-35.4%
Risk-adjusted return (90d)	-0.50	0.02

Relative strength over 90 days: CRCLB outperformed IREN by 43.8% — measured on the IREN/CRCLB ratio, so it holds regardless of market direction.

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