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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 274.8× the size of Netflix • Robinhood Token (NFLX) by market capitalisation. Their daily returns move barely together (correlation 0.17 across 37 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against NFLX's 44%.

Correlation: 0.17
Size ratio: 1 : 274.8

Netflix • Robinhood TokenNFLX

$62.6300

24h: +0.58%
Market cap: $600,148
Volume 24h: $44,495
Volatility (ann.): 44%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.5300

24h: +1.05%
Market cap: $164.93M
Volume 24h: $39.11M
Volatility (ann.): 82%

NFLX 0.4%Share of the two combined market caps99.6% CRCLB

Performance

NFLXCRCLB

7 days-11.81%-7.34%CRCLB
30 days-20.80%-10.38%CRCLB
90 days—+21.21%—

Correlation

0.17over 37 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1690d: 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	NFLX	CRCLB
Max drawdown (400d)	-25.1%	-31.5%
Risk-adjusted return (90d)	-0.55	0.25

Relative strength over 90 days: NFLX outperformed CRCLB by 0.3% — measured on the NFLX/CRCLB ratio, so it holds regardless of market direction.

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