Krispy Kreme, Inc. Common Stock (Backpack Securities) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 1874.8× the size of Krispy Kreme, Inc. Common Stock (Backpack Securities) (DNUT) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.56 across 21 shared trading days). DNUT has been the more volatile of the two, at 130% annualised against CRCLB's 83%.

Correlation: -0.56
Size ratio: 1 : 1874.8

Krispy Kreme, Inc. Common Stock (Backpack Securities)DNUT

$4.4300

24h: +28.21%
Market cap: $81,344
Volume 24h: $1.16M
Volatility (ann.): 130%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$69.2800

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

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

Performance

DNUTCRCLB

7 days+41.77%-10.02%DNUT
30 days—-18.89%—
90 days—+1.70%—

Correlation

-0.56over 21 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	DNUT	CRCLB
Max drawdown (400d)	-7.0%	-35.4%
Risk-adjusted return (90d)	0.43	0.02

Relative strength over 90 days: DNUT outperformed CRCLB by 86.9% — measured on the DNUT/CRCLB ratio, so it holds regardless of market direction.

Krispy Kreme, Inc. Common Stock (Backpack Securities) →Circle Internet Group (bStocks Tokenized Stock) →