Microsoft xStock vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 21.8× the size of Microsoft xStock (MSFTX) by market capitalisation. Their daily returns move loosely together (correlation 0.42 across 31 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against MSFTX's 26%.

Correlation: 0.42
Size ratio: 1 : 21.8

Microsoft xStockMSFTX

$514.7300

24h: +0.97%
Market cap: $7.68M
Volume 24h: $602,783
Volatility (ann.): 26%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$77.2300

24h: +1.44%
Market cap: $167.21M
Volume 24h: $42.54M
Volatility (ann.): 82%

MSFTX 4.4%Share of the two combined market caps95.6% CRCLB

Performance

MSFTXCRCLB

7 days+3.27%-7.34%MSFTX
30 days+1.06%-10.38%MSFTX
90 days—+21.21%—

Correlation

0.42over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4290d: 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	MSFTX	CRCLB
Max drawdown (400d)	-4.9%	-31.5%
Risk-adjusted return (90d)	0.04	0.25

Relative strength over 90 days: MSFTX outperformed CRCLB by 3.9% — measured on the MSFTX/CRCLB ratio, so it holds regardless of market direction.

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