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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 271.4× the size of Micron Technology • Robinhood Token (MU) by market capitalisation. Their daily returns move barely together (correlation 0.21 across 39 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against MU's 70%.

Correlation: 0.21
Size ratio: 1 : 271.4

Micron Technology • Robinhood TokenMU

$840.5900

24h: -0.51%
Market cap: $600,625
Volume 24h: $4.62M
Volatility (ann.): 70%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.3900

24h: +5.67%
Market cap: $163.02M
Volume 24h: $23.11M
Volatility (ann.): 82%

MU 0.4%Share of the two combined market caps99.6% CRCLB

Performance

MUCRCLB

7 days-7.91%-7.34%CRCLB
30 days-15.26%-10.38%CRCLB
90 days—+21.21%—

Correlation

0.21over 39 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2190d: 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	MU	CRCLB
Max drawdown (400d)	-22.5%	-31.5%
Risk-adjusted return (90d)	-0.16	0.25

Relative strength over 90 days: MU outperformed CRCLB by 12.2% — measured on the MU/CRCLB ratio, so it holds regardless of market direction.

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