Netflix xStock vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 71.1× the size of Netflix xStock (NFLXX) by market capitalisation. Over the past 90 days, CRCLB is ahead by 38.6 percentage points (NFLXX -17.4% against CRCLB +21.2%). Their daily returns move barely together (correlation 0.21 across 120 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against NFLXX's 49%.

Correlation: 0.21
Size ratio: 1 : 71.1
Ahead over 90 days: CRCLB

Netflix xStockNFLXX

$62.8600

24h: +0.43%
Market cap: $2.29M
Volume 24h: $64,425
Volatility (ann.): 49%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.2100

24h: +5.67%
Market cap: $163.02M
Volume 24h: $23.11M
Volatility (ann.): 82%

NFLXX 1.4%Share of the two combined market caps98.6% CRCLB

Performance

NFLXXCRCLB

7 days-8.29%-7.34%CRCLB
30 days-16.79%-10.38%CRCLB
90 days-17.36%+21.21%CRCLB

Correlation

0.21over 120 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3490d: 0.281y: 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	NFLXX	CRCLB
Max drawdown (400d)	-45.1%	-31.5%
Risk-adjusted return (90d)	-0.34	0.25

Relative strength over 90 days: CRCLB outperformed NFLXX by 26.7% — measured on the NFLXX/CRCLB ratio, so it holds regardless of market direction.

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