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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 1136.3× the size of Moderna Tokenized Stock (Reality) (RMRNA) by market capitalisation. Their daily returns move barely together (correlation 0.19 across 25 shared trading days). RMRNA has been the more volatile of the two, at 99% annualised against CRCLB's 82%.

Correlation: 0.19
Size ratio: 1 : 1136.3

Moderna Tokenized Stock (Reality)RMRNA

$225.2700

24h: +2.25%
Market cap: $147,211
Volume 24h: $29,644
Volatility (ann.): 99%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.9600

24h: +1.47%
Market cap: $167.28M
Volume 24h: $43.06M
Volatility (ann.): 82%

RMRNA 0.1%Share of the two combined market caps99.9% CRCLB

Performance

RMRNACRCLB

7 days+18.96%-7.34%RMRNA
30 days+56.86%-10.38%RMRNA
90 days—+21.21%—

Correlation

0.19over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1990d: 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	RMRNA	CRCLB
Max drawdown (400d)	-7.9%	-31.5%
Risk-adjusted return (90d)	0.58	0.25

Relative strength over 90 days: RMRNA outperformed CRCLB by 54.8% — measured on the RMRNA/CRCLB ratio, so it holds regardless of market direction.

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