Linde xStock vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 1588.8× the size of Linde xStock (LINX) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.34 across 27 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against LINX's 49%.

Correlation: -0.34
Size ratio: 1 : 1588.8

Linde xStockLINX

$523.9100

24h: +1.46%
Market cap: $99,919
Volume 24h: $615
Volatility (ann.): 49%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$74.2600

24h: +0.33%
Market cap: $158.75M
Volume 24h: $34.09M
Volatility (ann.): 82%

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

Performance

LINXCRCLB

7 days+8.69%-5.56%LINX
30 days+12.51%-9.22%LINX
90 days—+19.24%—

Correlation

-0.34over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3490d: 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	LINX	CRCLB
Max drawdown (400d)	-7.5%	-31.5%
Risk-adjusted return (90d)	0.26	0.23

Relative strength over 90 days: LINX outperformed CRCLB by 42.7% — measured on the LINX/CRCLB ratio, so it holds regardless of market direction.

Linde xStock →Circle Internet Group (bStocks Tokenized Stock) →