Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 55.0× the size of Palantir xStock (PLTRX) by market capitalisation. Their daily returns move loosely together (correlation 0.40 across 38 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against PLTRX's 66%.
$73.8100
PLTRXCRCLB
0.40over 38 shared trading days
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.
| Metric | PLTRX | CRCLB |
|---|---|---|
| Max drawdown (400d) | -13.2% | -31.5% |
| Risk-adjusted return (90d) | -0.02 | 0.25 |
Relative strength over 90 days: PLTRX outperformed CRCLB by 19.7% — measured on the PLTRX/CRCLB ratio, so it holds regardless of market direction.