Nebius Group • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 532.4× the size of Nebius Group • Robinhood Token (NBIS) by market capitalisation. Their daily returns move barely together (correlation 0.33 across 39 shared trading days). NBIS has been the more volatile of the two, at 107% annualised against CRCLB's 82%.

Correlation: 0.33
Size ratio: 1 : 532.4

Nebius Group • Robinhood TokenNBIS

$137.5700

24h: -4.86%
Market cap: $303,140
Volume 24h: $38,575
Volatility (ann.): 107%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.5800

24h: +0.27%
Market cap: $161.41M
Volume 24h: $37.31M
Volatility (ann.): 82%

NBIS 0.2%Share of the two combined market caps99.8% CRCLB

Performance

NBISCRCLB

7 days-19.41%-5.56%CRCLB
30 days-41.88%-9.22%CRCLB
90 days—+19.24%—

Correlation

0.33over 39 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3990d: 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	NBIS	CRCLB
Max drawdown (400d)	-42.0%	-31.5%
Risk-adjusted return (90d)	-0.28	0.23

Relative strength over 90 days: CRCLB outperformed NBIS by 17.3% — measured on the NBIS/CRCLB ratio, so it holds regardless of market direction.

Nebius Group • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →