Nike (ST0x Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 3841.2× the size of Nike (ST0x Tokenized Stock) (WTNKE) by market capitalisation. Their daily returns move barely together (correlation 0.30 across 36 shared trading days). CRCLB has been the more volatile of the two, at 83% annualised against WTNKE's 34%.

Correlation: 0.30
Size ratio: 1 : 3841.2

Nike (ST0x Tokenized Stock)WTNKE

$40.2300

24h: +4.97%
Market cap: $39,624
Volume 24h: $5,190
Volatility (ann.): 34%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$68.9800

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

WTNKE 0.0%Share of the two combined market caps100.0% CRCLB

Performance

WTNKECRCLB

7 days+2.48%-10.02%WTNKE
30 days+14.14%-18.89%WTNKE
90 days—+1.70%—

Correlation

0.30over 36 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3290d: 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	WTNKE	CRCLB
Max drawdown (400d)	-2.9%	-35.4%
Risk-adjusted return (90d)	0.50	0.02

Relative strength over 90 days: WTNKE outperformed CRCLB by 43.3% — measured on the WTNKE/CRCLB ratio, so it holds regardless of market direction.

Nike (ST0x Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →