ProShares UltraPro QQQ (bStocks Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 86.3× the size of ProShares UltraPro QQQ (bStocks Tokenized Stock) (TQQQB) by market capitalisation. Over the past 90 days, CRCLB is ahead by 37.6 percentage points (TQQQB -16.4% against CRCLB +21.2%). Their daily returns move loosely together (correlation 0.46 across 105 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against TQQQB's 59%.

Correlation: 0.46
Size ratio: 1 : 86.3
Ahead over 90 days: CRCLB

ProShares UltraPro QQQ (bStocks Tokenized Stock)TQQQB

$61.2600

24h: -0.64%
Market cap: $1.85M
Volume 24h: $623,706
Volatility (ann.): 59%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$73.9600

24h: +0.71%
Market cap: $159.66M
Volume 24h: $26.07M
Volatility (ann.): 82%

TQQQB 1.1%Share of the two combined market caps98.9% CRCLB

Performance

TQQQBCRCLB

7 days-14.88%-7.34%CRCLB
30 days-25.62%-10.38%CRCLB
90 days-16.44%+21.21%CRCLB

Correlation

0.46over 105 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5490d: 0.441y: 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	TQQQB	CRCLB
Max drawdown (400d)	-28.8%	-31.5%
Risk-adjusted return (90d)	-0.32	0.25

Relative strength over 90 days: CRCLB outperformed TQQQB by 31.1% — measured on the TQQQB/CRCLB ratio, so it holds regardless of market direction.

ProShares UltraPro QQQ (bStocks Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →