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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 22.2× the size of Meta Platforms • Robinhood Token (META) by market capitalisation. Their daily returns move barely together (correlation 0.23 across 37 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against META's 64%.

Correlation: 0.23
Size ratio: 1 : 22.2

Meta Platforms • Robinhood TokenMETA

$613.3800

24h: +0.70%
Market cap: $7.20M
Volume 24h: $4.17M
Volatility (ann.): 64%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$74.2100

24h: +0.71%
Market cap: $159.66M
Volume 24h: $26.07M
Volatility (ann.): 82%

META 4.3%Share of the two combined market caps95.7% CRCLB

Performance

METACRCLB

7 days-14.41%-7.34%CRCLB
30 days-0.36%-10.38%META
90 days—+21.21%—

Correlation

0.23over 37 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2490d: 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	META	CRCLB
Max drawdown (400d)	-21.3%	-31.5%
Risk-adjusted return (90d)	0.08	0.25

Relative strength over 90 days: META outperformed CRCLB by 27.4% — measured on the META/CRCLB ratio, so it holds regardless of market direction.

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