MicroStrategy Incorporated ST0x vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 5974.3× the size of MicroStrategy Incorporated ST0x (WTMSTR) by market capitalisation. Their daily returns move barely together (correlation 0.01 across 36 shared trading days). WTMSTR has been the more volatile of the two, at 67628443% annualised against CRCLB's 83%.

Correlation: 0.01
Size ratio: 1 : 5974.3

MicroStrategy Incorporated ST0xWTMSTR

$129.1500

24h: -10.26%
Market cap: $25,091
Volume 24h: $18,084
Volatility (ann.): 67628443%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$68.7800

24h: -9.49%
Market cap: $149.90M
Volume 24h: $45.98M
Volatility (ann.): 83%

WTMSTR 0.0%Share of the two combined market caps100.0% CRCLB

Performance

WTMSTRCRCLB

7 days-8.20%-10.02%WTMSTR
30 days-21.42%-18.89%CRCLB
90 days—+1.70%—

Correlation

0.01over 36 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0190d: 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	WTMSTR	CRCLB
Max drawdown (400d)	-100.0%	-35.4%
Risk-adjusted return (90d)	0.00	0.02

Relative strength over 90 days: CRCLB outperformed WTMSTR by 0.8% — measured on the WTMSTR/CRCLB ratio, so it holds regardless of market direction.

MicroStrategy Incorporated ST0x →Circle Internet Group (bStocks Tokenized Stock) →