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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 217.7× the size of Nebius Group Tokenized Stock (Reality) (RNBIS) by market capitalisation. Their daily returns move barely together (correlation 0.30 across 25 shared trading days). Both have run at a similar volatility, around 77% annualised.

Correlation: 0.30
Size ratio: 1 : 217.7

Nebius Group Tokenized Stock (Reality)RNBIS

$136.1000

24h: -6.67%
Market cap: $745,336
Volume 24h: $257,428
Volatility (ann.): 71%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.2000

24h: +3.14%
Market cap: $162.27M
Volume 24h: $43.93M
Volatility (ann.): 82%

RNBIS 0.5%Share of the two combined market caps99.5% CRCLB

Performance

RNBISCRCLB

7 days-9.00%-5.56%CRCLB
30 days+6.58%-9.22%RNBIS
90 days—+19.24%—

Correlation

0.30over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3090d: 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	RNBIS	CRCLB
Max drawdown (400d)	-12.1%	-31.5%
Risk-adjusted return (90d)	0.09	0.23

Relative strength over 90 days: RNBIS outperformed CRCLB by 6.6% — measured on the RNBIS/CRCLB ratio, so it holds regardless of market direction.

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