MicroStrategy (Coinbase Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 82.9× the size of MicroStrategy (Coinbase Tokenized Stock) (MSTRC) by market capitalisation. Their daily returns move loosely together (correlation 0.41 across 35 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against MSTRC's 66%.

Correlation: 0.41
Size ratio: 1 : 82.9

MicroStrategy (Coinbase Tokenized Stock)MSTRC

$132.2800

24h: +0.41%
Market cap: $1.95M
Volume 24h: $19.82M
Volatility (ann.): 66%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.4500

24h: +3.09%
Market cap: $161.92M
Volume 24h: $43.99M
Volatility (ann.): 82%

MSTRC 1.2%Share of the two combined market caps98.8% CRCLB

Performance

MSTRCCRCLB

7 days+1.18%-5.56%MSTRC
30 days-10.36%-9.22%CRCLB
90 days—+19.24%—

Correlation

0.41over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4490d: 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	MSTRC	CRCLB
Max drawdown (400d)	-22.7%	-31.5%
Risk-adjusted return (90d)	-0.12	0.23

Relative strength over 90 days: MSTRC outperformed CRCLB by 1.3% — measured on the MSTRC/CRCLB ratio, so it holds regardless of market direction.

MicroStrategy (Coinbase Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →