Nokia (bStocks Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 84.4× the size of Nokia (bStocks Tokenized Stock) (NOKB) by market capitalisation. Over the past 90 days, CRCLB is ahead by 31.1 percentage points (NOKB -9.9% against CRCLB +21.2%). Their daily returns move barely together (correlation 0.34 across 112 shared trading days). Both have run at a similar volatility, around 77% annualised.

Correlation: 0.34
Size ratio: 1 : 84.4
Ahead over 90 days: CRCLB

Nokia (bStocks Tokenized Stock)NOKB

$8.4600

24h: -1.24%
Market cap: $1.89M
Volume 24h: $235,995
Volatility (ann.): 72%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$73.8100

24h: +0.71%
Market cap: $159.66M
Volume 24h: $26.07M
Volatility (ann.): 82%

NOKB 1.2%Share of the two combined market caps98.8% CRCLB

Performance

NOKBCRCLB

7 days-3.15%-7.34%NOKB
30 days-18.62%-10.38%CRCLB
90 days-9.94%+21.21%CRCLB

Correlation

0.34over 112 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4790d: 0.231y: 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	NOKB	CRCLB
Max drawdown (400d)	-29.4%	-31.5%
Risk-adjusted return (90d)	-0.16	0.25

Relative strength over 90 days: CRCLB outperformed NOKB by 25.7% — measured on the NOKB/CRCLB ratio, so it holds regardless of market direction.

Nokia (bStocks Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →