MARA xStock vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 123.9× the size of MARA xStock (MARAX) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.01 across 37 shared trading days). MARAX has been the more volatile of the two, at 8313% annualised against CRCLB's 82%.

Correlation: -0.01
Size ratio: 1 : 123.9

MARA xStockMARAX

$6.8000

24h: -2.34%
Market cap: $1.19M
Volume 24h: $19,058
Volatility (ann.): 8313%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$68.8800

24h: -5.90%
Market cap: $147.61M
Volume 24h: $34.76M
Volatility (ann.): 82%

MARAX 0.8%Share of the two combined market caps99.2% CRCLB

Performance

MARAXCRCLB

7 days+29.89%-5.56%MARAX
30 days+1.99%-9.22%MARAX
90 days—+19.24%—

Correlation

-0.01over 37 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	MARAX	CRCLB
Max drawdown (400d)	-98.9%	-31.5%
Risk-adjusted return (90d)	-0.01	0.23

Relative strength over 90 days: CRCLB outperformed MARAX by 91.5% — measured on the MARAX/CRCLB ratio, so it holds regardless of market direction.

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