Microsoft (Dinari Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 1193.9× the size of Microsoft (Dinari Tokenized Stock) (MSFT) by market capitalisation. Their daily returns move barely together (correlation 0.31 across 28 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against MSFT's 22%.

Correlation: 0.31
Size ratio: 1 : 1193.9

Microsoft (Dinari Tokenized Stock)MSFT

$552.7700

24h: +7.90%
Market cap: $123,637
Volume 24h: $1,247
Volatility (ann.): 22%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$69.6100

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

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

Performance

MSFTCRCLB

7 days-0.14%-5.56%MSFT
30 days+3.54%-9.22%MSFT
90 days—+19.24%—

Correlation

0.31over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3190d: 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	MSFT	CRCLB
Max drawdown (400d)	-3.0%	-31.5%
Risk-adjusted return (90d)	0.16	0.23

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

Microsoft (Dinari Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →