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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 203.0× the size of Netflix Tokenized Stock (Reality) (RNFLX) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.16 across 25 shared trading days). CRCLB has been the more volatile of the two, at 83% annualised against RNFLX's 32%.

Correlation: -0.16
Size ratio: 1 : 203.0

Netflix Tokenized Stock (Reality)RNFLX

$66.4100

24h: +6.01%
Market cap: $749,597
Volume 24h: $24,219
Volatility (ann.): 32%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$68.9800

24h: -9.20%
Market cap: $152.20M
Volume 24h: $44.31M
Volatility (ann.): 83%

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

Performance

RNFLXCRCLB

7 days+6.79%-10.02%RNFLX
30 days-8.10%-18.89%RNFLX
90 days—+1.70%—

Correlation

-0.16over 25 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	RNFLX	CRCLB
Max drawdown (400d)	-13.9%	-35.4%
Risk-adjusted return (90d)	-0.25	0.02

Relative strength over 90 days: CRCLB outperformed RNFLX by 8.1% — measured on the RNFLX/CRCLB ratio, so it holds regardless of market direction.

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