Qualcomm • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 4336.2× the size of Qualcomm • Robinhood Token (QCOM) by market capitalisation. Their daily returns move barely together (correlation 0.15 across 40 shared trading days). CRCLB has been the more volatile of the two, at 83% annualised against QCOM's 61%.

Correlation: 0.15
Size ratio: 1 : 4336.2

Qualcomm • Robinhood TokenQCOM

$160.1200

24h: -0.08%
Market cap: $34,720
Volume 24h: $15,953
Volatility (ann.): 61%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$68.6800

24h: -10.07%
Market cap: $150.55M
Volume 24h: $44.41M
Volatility (ann.): 83%

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

Performance

QCOMCRCLB

7 days-13.44%-10.02%CRCLB
30 days-11.25%-18.89%QCOM
90 days—+1.70%—

Correlation

0.15over 40 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2790d: 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	QCOM	CRCLB
Max drawdown (400d)	-22.9%	-35.4%
Risk-adjusted return (90d)	-0.12	0.02

Relative strength over 90 days: QCOM outperformed CRCLB by 21.6% — measured on the QCOM/CRCLB ratio, so it holds regardless of market direction.

Qualcomm • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →