PDD Holdings Tokenized Stock (Reality) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 205.2× the size of PDD Holdings Tokenized Stock (Reality) (RPDD) by market capitalisation. Their daily returns move barely together (correlation 0.11 across 25 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against RPDD's 23%.

Correlation: 0.11
Size ratio: 1 : 205.2

PDD Holdings Tokenized Stock (Reality)RPDD

$79.7400

24h: -3.39%
Market cap: $788,254
Volume 24h: $1,092
Volatility (ann.): 23%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.9000

24h: +2.87%
Market cap: $161.75M
Volume 24h: $41.04M
Volatility (ann.): 82%

RPDD 0.5%Share of the two combined market caps99.5% CRCLB

Performance

RPDDCRCLB

7 days+4.40%-5.56%RPDD
30 days+0.87%-9.22%RPDD
90 days—+19.24%—

Correlation

0.11over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1190d: 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	RPDD	CRCLB
Max drawdown (400d)	-6.2%	-31.5%
Risk-adjusted return (90d)	0.04	0.23

Relative strength over 90 days: RPDD outperformed CRCLB by 0.9% — measured on the RPDD/CRCLB ratio, so it holds regardless of market direction.

PDD Holdings Tokenized Stock (Reality) →Circle Internet Group (bStocks Tokenized Stock) →