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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 262.4× the size of Johnson & Johnson xStock (JNJX) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.07 across 26 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against JNJX's 20%.

Correlation: -0.07
Size ratio: 1 : 262.4

Johnson & Johnson xStockJNJX

$275.7800

24h: +3.01%
Market cap: $618,494
Volume 24h: $1,082
Volatility (ann.): 20%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.2000

24h: +3.14%
Market cap: $162.27M
Volume 24h: $43.93M
Volatility (ann.): 82%

JNJX 0.4%Share of the two combined market caps99.6% CRCLB

Performance

JNJXCRCLB

7 days-5.50%-5.56%JNJX
30 days-5.09%-9.22%JNJX
90 days—+19.24%—

Correlation

-0.07over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0790d: 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	JNJX	CRCLB
Max drawdown (400d)	-7.0%	-31.5%
Risk-adjusted return (90d)	-0.26	0.23

Relative strength over 90 days: JNJX outperformed CRCLB by 7.7% — measured on the JNJX/CRCLB ratio, so it holds regardless of market direction.

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