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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 413.6× the size of Qualcomm Tokenized Stock (Reality) (RQCOM) by market capitalisation. Their daily returns move barely together (correlation 0.07 across 25 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against RQCOM's 61%.

Correlation: 0.07
Size ratio: 1 : 413.6

Qualcomm Tokenized Stock (Reality)RQCOM

$159.7000

24h: -2.54%
Market cap: $388,871
Volume 24h: $64
Volatility (ann.): 61%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.8300

24h: +1.89%
Market cap: $160.82M
Volume 24h: $43.73M
Volatility (ann.): 82%

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

Performance

RQCOMCRCLB

7 days-4.79%-5.56%RQCOM
30 days-6.23%-9.22%RQCOM
90 days—+19.24%—

Correlation

0.07over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0790d: 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	RQCOM	CRCLB
Max drawdown (400d)	-13.6%	-31.5%
Risk-adjusted return (90d)	-0.10	0.23

Relative strength over 90 days: CRCLB outperformed RQCOM by 6.2% — measured on the RQCOM/CRCLB ratio, so it holds regardless of market direction.

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