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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 490.1× the size of IREN Tokenized Stock (Reality) (RIREN) by market capitalisation. Their daily returns move loosely together (correlation 0.58 across 25 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against RIREN's 64%.

Correlation: 0.58
Size ratio: 1 : 490.1

IREN Tokenized Stock (Reality)RIREN

$21.1900

24h: -8.66%
Market cap: $323,828
Volume 24h: $43,370
Volatility (ann.): 64%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$74.2000

24h: +1.36%
Market cap: $158.71M
Volume 24h: $34.71M
Volatility (ann.): 82%

RIREN 0.2%Share of the two combined market caps99.8% CRCLB

Performance

RIRENCRCLB

7 days-14.05%-5.56%CRCLB
30 days-13.57%-9.22%CRCLB
90 days—+19.24%—

Correlation

0.58over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5890d: 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	RIREN	CRCLB
Max drawdown (400d)	-26.5%	-31.5%
Risk-adjusted return (90d)	-0.21	0.23

Relative strength over 90 days: CRCLB outperformed RIREN by 13.6% — measured on the RIREN/CRCLB ratio, so it holds regardless of market direction.

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