Quantinuum (bStocks Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 244.5× the size of Quantinuum (bStocks Tokenized Stock) (QNTB) by market capitalisation. Over the past 90 days, CRCLB is ahead by 63.2 percentage points (QNTB -42.0% against CRCLB +21.2%). Their daily returns move barely together (correlation 0.28 across 105 shared trading days). Both have run at a similar volatility, around 87% annualised.

Correlation: 0.28
Size ratio: 1 : 244.5
Ahead over 90 days: CRCLB

Quantinuum (bStocks Tokenized Stock)QNTB

$31.6900

24h: -0.35%
Market cap: $648,789
Volume 24h: $59,307
Volatility (ann.): 93%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$73.7000

24h: +0.49%
Market cap: $158.63M
Volume 24h: $25.34M
Volatility (ann.): 82%

QNTB 0.4%Share of the two combined market caps99.6% CRCLB

Performance

QNTBCRCLB

7 days-18.33%-7.34%CRCLB
30 days-29.90%-10.38%CRCLB
90 days-42.01%+21.21%CRCLB

Correlation

0.28over 105 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6790d: 0.271y: 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	QNTB	CRCLB
Max drawdown (400d)	-56.1%	-31.5%
Risk-adjusted return (90d)	-0.45	0.25

Relative strength over 90 days: CRCLB outperformed QNTB by 52.2% — measured on the QNTB/CRCLB ratio, so it holds regardless of market direction.

Quantinuum (bStocks Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →