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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 148.3× the size of Microsoft Tokenized Stock (Reality) (RMSFT) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.10 across 25 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against RMSFT's 22%.

Correlation: -0.10
Size ratio: 1 : 148.3

Microsoft Tokenized Stock (Reality)RMSFT

$511.8800

24h: +0.95%
Market cap: $1.09M
Volume 24h: $64,826
Volatility (ann.): 22%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.1500

24h: +2.87%
Market cap: $161.75M
Volume 24h: $41.04M
Volatility (ann.): 82%

RMSFT 0.7%Share of the two combined market caps99.3% CRCLB

Performance

RMSFTCRCLB

7 days+0.92%-5.56%RMSFT
30 days+5.21%-9.22%RMSFT
90 days—+19.24%—

Correlation

-0.10over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1090d: 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	RMSFT	CRCLB
Max drawdown (400d)	-1.7%	-31.5%
Risk-adjusted return (90d)	0.24	0.23

Relative strength over 90 days: RMSFT outperformed CRCLB by 5.2% — measured on the RMSFT/CRCLB ratio, so it holds regardless of market direction.

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