PepsiCo xStock vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 423.9× the size of PepsiCo xStock (PEPX) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.12 across 111 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against PEPX's 43%.

Correlation: -0.12
Size ratio: 1 : 423.9

PepsiCo xStockPEPX

$143.0900

24h: +3.53%
Market cap: $379,406
Volume 24h: $41,439
Volatility (ann.): 43%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.0400

24h: +0.69%
Market cap: $160.82M
Volume 24h: $42.23M
Volatility (ann.): 82%

PEPX 0.2%Share of the two combined market caps99.8% CRCLB

Performance

PEPXCRCLB

7 days-1.97%-5.56%PEPX
30 days-8.28%-9.22%PEPX
90 days-8.13%+19.24%CRCLB
1 year-6.75%——

Correlation

-0.12over 111 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3090d: -0.171y: 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	PEPX	CRCLB
Max drawdown (400d)	-27.3%	-31.5%
Risk-adjusted return (90d)	-0.31	0.23

Relative strength over 90 days: CRCLB outperformed PEPX by 31.6% — measured on the PEPX/CRCLB ratio, so it holds regardless of market direction.

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