PepsiCo Tokenized Stock (Reality) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 1707.1× the size of PepsiCo Tokenized Stock (Reality) (RPEP) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.27 across 25 shared trading days). CRCLB has been the more volatile of the two, at 83% annualised against RPEP's 24%.

Correlation: -0.27
Size ratio: 1 : 1707.1

PepsiCo Tokenized Stock (Reality)RPEP

$141.1000

24h: -1.13%
Market cap: $87,808
Volume 24h: $30,494
Volatility (ann.): 24%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$68.7800

24h: -9.49%
Market cap: $149.90M
Volume 24h: $45.98M
Volatility (ann.): 83%

RPEP 0.1%Share of the two combined market caps99.9% CRCLB

Performance

RPEPCRCLB

7 days+0.09%-10.02%RPEP
30 days-6.89%-18.89%RPEP
90 days—+1.70%—

Correlation

-0.27over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2790d: 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	RPEP	CRCLB
Max drawdown (400d)	-8.7%	-35.4%
Risk-adjusted return (90d)	-0.28	0.02

Relative strength over 90 days: CRCLB outperformed RPEP by 8.8% — measured on the RPEP/CRCLB ratio, so it holds regardless of market direction.

PepsiCo Tokenized Stock (Reality) →Circle Internet Group (bStocks Tokenized Stock) →