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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 90.2× the size of Microsoft • Robinhood Token (MSFT) by market capitalisation. Their daily returns move barely together (correlation 0.35 across 38 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against MSFT's 27%.

Correlation: 0.35
Size ratio: 1 : 90.2

Microsoft • Robinhood TokenMSFT

$512.1100

24h: +0.69%
Market cap: $1.82M
Volume 24h: $844,955
Volatility (ann.): 27%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.3900

24h: +5.17%
Market cap: $163.95M
Volume 24h: $23.61M
Volatility (ann.): 82%

MSFT 1.1%Share of the two combined market caps98.9% CRCLB

Performance

MSFTCRCLB

7 days+3.01%-7.34%MSFT
30 days+4.32%-10.38%MSFT
90 days—+21.21%—

Correlation

0.35over 38 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2890d: 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)	-5.0%	-31.5%
Risk-adjusted return (90d)	0.07	0.25

Relative strength over 90 days: MSFT outperformed CRCLB by 23.4% — measured on the MSFT/CRCLB ratio, so it holds regardless of market direction.

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