Merck xStock vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 741.3× the size of Merck xStock (MRKX) by market capitalisation. Over the past 90 days, MRKX is ahead by 8.1 percentage points (MRKX +27.4% against CRCLB +19.2%). Their daily returns move loosely together (correlation 0.49 across 32 shared trading days). MRKX has been the more volatile of the two, at 117% annualised against CRCLB's 82%.

Correlation: 0.49
Size ratio: 1 : 741.3
Ahead over 90 days: MRKX

Merck xStockMRKX

$149.6200

24h: +3.02%
Market cap: $198,972
Volume 24h: $20
Volatility (ann.): 117%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$69.3500

24h: -9.75%
Market cap: $147.49M
Volume 24h: $34.87M
Volatility (ann.): 82%

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

Performance

MRKXCRCLB

7 days-2.02%-5.56%MRKX
30 days+19.52%-9.22%MRKX
90 days+27.37%+19.24%MRKX

Correlation

0.49over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5090d: 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	MRKX	CRCLB
Max drawdown (400d)	-30.6%	-31.5%
Risk-adjusted return (90d)	0.23	0.23

Relative strength over 90 days: MRKX outperformed CRCLB by 5.5% — measured on the MRKX/CRCLB ratio, so it holds regardless of market direction.

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