Johnson & Johnson Tokenized Stock (Reality) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 15652.9× the size of Johnson & Johnson Tokenized Stock (Reality) (RJNJ) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.27 across 25 shared trading days). CRCLB has been the more volatile of the two, at 83% annualised against RJNJ's 33%.

Correlation: -0.27
Size ratio: 1 : 15652.9

Johnson & Johnson Tokenized Stock (Reality)RJNJ

$272.8000

24h: -1.96%
Market cap: $9,618
Volume 24h: $49
Volatility (ann.): 33%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$68.6200

24h: -10.07%
Market cap: $150.55M
Volume 24h: $44.41M
Volatility (ann.): 83%

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

Performance

RJNJCRCLB

7 days+3.70%-10.02%RJNJ
30 days-4.30%-18.89%RJNJ
90 days—+1.70%—

Correlation

-0.27over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2790d: 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	RJNJ	CRCLB
Max drawdown (400d)	-8.6%	-35.4%
Risk-adjusted return (90d)	-0.13	0.02

Relative strength over 90 days: RJNJ outperformed CRCLB by 1.9% — measured on the RJNJ/CRCLB ratio, so it holds regardless of market direction.

Johnson & Johnson Tokenized Stock (Reality) →Circle Internet Group (bStocks Tokenized Stock) →