Marvell Technology (Backpack Securities) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 749.9× the size of Marvell Technology (Backpack Securities) (MRVL) by market capitalisation. Their daily returns move barely together (correlation 0.21 across 39 shared trading days). Both have run at a similar volatility, around 87% annualised.

Correlation: 0.21
Size ratio: 1 : 749.9

Marvell Technology (Backpack Securities)MRVL

$156.9000

24h: -5.63%
Market cap: $196,848
Volume 24h: $92,153
Volatility (ann.): 92%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$68.8800

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

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

Performance

MRVLCRCLB

7 days-36.72%-5.56%CRCLB
30 days-32.42%-9.22%CRCLB
90 days—+19.24%—

Correlation

0.21over 39 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2790d: 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	MRVL	CRCLB
Max drawdown (400d)	-40.0%	-31.5%
Risk-adjusted return (90d)	-0.27	0.23

Relative strength over 90 days: CRCLB outperformed MRVL by 11.7% — measured on the MRVL/CRCLB ratio, so it holds regardless of market direction.

Marvell Technology (Backpack Securities) →Circle Internet Group (bStocks Tokenized Stock) →