Procter & Gamble xStock vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 454.2× the size of Procter & Gamble xStock (PGX) 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 PGX's 39%.

Correlation: -0.12
Size ratio: 1 : 454.2

Procter & Gamble xStockPGX

$167.6300

24h: +3.69%
Market cap: $357,240
Volume 24h: $23,717
Volatility (ann.): 39%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.2000

24h: +3.14%
Market cap: $162.27M
Volume 24h: $43.93M
Volatility (ann.): 82%

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

Performance

PGXCRCLB

7 days-1.18%-5.56%PGX
30 days+1.39%-9.22%PGX
90 days-2.59%+19.24%CRCLB
1 year-2.19%——

Correlation

-0.12over 111 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1790d: -0.071y: 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	PGX	CRCLB
Max drawdown (400d)	-20.6%	-31.5%
Risk-adjusted return (90d)	-0.09	0.23

Relative strength over 90 days: CRCLB outperformed PGX by 27.5% — measured on the PGX/CRCLB ratio, so it holds regardless of market direction.

Procter & Gamble xStock →Circle Internet Group (bStocks Tokenized Stock) →