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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 12659380.0× the size of ProShares UltraPro Short QQQ aStock (ASQQQ) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.28 across 31 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against ASQQQ's 61%.

Correlation: -0.28
Size ratio: 1 : 12659380.0

ProShares UltraPro Short QQQ aStockASQQQ

$44.4300

24h: +3.28%
Market cap: $13
Volume 24h: —
Volatility (ann.): 61%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$76.0100

24h: +2.25%
Market cap: $162.04M
Volume 24h: $41.12M
Volatility (ann.): 82%

ASQQQ 0.0%Share of the two combined market caps100.0% CRCLB

Performance

ASQQQCRCLB

7 days+1.22%-5.56%ASQQQ
30 days+13.36%-9.22%ASQQQ
90 days—+19.24%—

Correlation

-0.28over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2890d: 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	ASQQQ	CRCLB
Max drawdown (400d)	-8.8%	-31.5%
Risk-adjusted return (90d)	0.22	0.23

Relative strength over 90 days: ASQQQ outperformed CRCLB by 24.4% — measured on the ASQQQ/CRCLB ratio, so it holds regardless of market direction.

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