NVIDIA (Coinbase Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 24.8× the size of NVIDIA (Coinbase Tokenized Stock) (NVDAC) by market capitalisation. Their daily returns move loosely together (correlation 0.45 across 40 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against NVDAC's 33%.

Correlation: 0.45
Size ratio: 1 : 24.8

NVIDIA (Coinbase Tokenized Stock)NVDAC

$204.4000

24h: -0.05%
Market cap: $6.58M
Volume 24h: $9.44M
Volatility (ann.): 33%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.2100

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

NVDAC 3.9%Share of the two combined market caps96.1% CRCLB

Performance

NVDACCRCLB

7 days-4.94%-7.34%NVDAC
30 days-8.10%-10.38%NVDAC
90 days—+21.21%—

Correlation

0.45over 40 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3790d: 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	NVDAC	CRCLB
Max drawdown (400d)	-12.6%	-31.5%
Risk-adjusted return (90d)	-0.17	0.25

Relative strength over 90 days: NVDAC outperformed CRCLB by 10.1% — measured on the NVDAC/CRCLB ratio, so it holds regardless of market direction.

NVIDIA (Coinbase Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →