Lumentum • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 1099.9× the size of Lumentum • Robinhood Token (LITE) by market capitalisation. Their daily returns move barely together (correlation 0.05 across 31 shared trading days). LITE has been the more volatile of the two, at 106% annualised against CRCLB's 82%.

Correlation: 0.05
Size ratio: 1 : 1099.9

Lumentum • Robinhood TokenLITE

$615.9400

24h: -6.04%
Market cap: $146,530
Volume 24h: $21,142
Volatility (ann.): 106%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.5000

24h: -0.94%
Market cap: $161.17M
Volume 24h: $40.39M
Volatility (ann.): 82%

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

Performance

LITECRCLB

7 days-31.78%-5.56%CRCLB
30 days-42.02%-9.22%CRCLB
90 days—+19.24%—

Correlation

0.05over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0590d: 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	LITE	CRCLB
Max drawdown (400d)	-45.1%	-31.5%
Risk-adjusted return (90d)	-0.40	0.23

Relative strength over 90 days: CRCLB outperformed LITE by 36.4% — measured on the LITE/CRCLB ratio, so it holds regardless of market direction.

Lumentum • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →