Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 16.8× the size of Robinhood xStock (HOODX) by market capitalisation. Their daily returns move closely together (correlation 0.61 across 119 shared trading days). Both have run at a similar volatility, around 80% annualised.
$75.3900
HOODXCRCLB
0.61over 119 shared trading days
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.
| Metric | HOODX | CRCLB |
|---|---|---|
| Max drawdown (400d) | -57.6% | -31.5% |
| Risk-adjusted return (90d) | -0.32 | 0.25 |
| Best 30 days (past year) | +46.2% | — |
| Worst 30 days (past year) | -42.4% | — |
Relative strength over 90 days: CRCLB outperformed HOODX by 35.9% — measured on the HOODX/CRCLB ratio, so it holds regardless of market direction.