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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 1014.4× the size of Pfizer Tokenized Stock (Reality) (RPFE) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.26 across 25 shared trading days). CRCLB has been the more volatile of the two, at 83% annualised against RPFE's 26%.

Correlation: -0.26
Size ratio: 1 : 1014.4

Pfizer Tokenized Stock (Reality)RPFE

$29.3600

24h: -4.74%
Market cap: $148,799
Volume 24h: $120,383
Volatility (ann.): 26%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$69.1400

24h: -9.37%
Market cap: $150.94M
Volume 24h: $44.40M
Volatility (ann.): 83%

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

Performance

RPFECRCLB

7 days+4.71%-10.02%RPFE
30 days+7.06%-18.89%RPFE
90 days—+1.70%—

Correlation

-0.26over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2690d: 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	RPFE	CRCLB
Max drawdown (400d)	-4.8%	-35.4%
Risk-adjusted return (90d)	0.27	0.02

Relative strength over 90 days: RPFE outperformed CRCLB by 10.6% — measured on the RPFE/CRCLB ratio, so it holds regardless of market direction.

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