RoboStrategy (Backpack Securities) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 143.0× the size of RoboStrategy (Backpack Securities) (BOT) by market capitalisation. Their daily returns move loosely together (correlation 0.40 across 39 shared trading days). Both have run at a similar volatility, around 79% annualised.

Correlation: 0.40
Size ratio: 1 : 143.0

RoboStrategy (Backpack Securities)BOT

$23.5000

24h: +9.59%
Market cap: $1.14M
Volume 24h: $167,603
Volatility (ann.): 75%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.2100

24h: +5.67%
Market cap: $163.02M
Volume 24h: $23.11M
Volatility (ann.): 82%

BOT 0.7%Share of the two combined market caps99.3% CRCLB

Performance

BOTCRCLB

7 days-2.39%-7.34%BOT
30 days-12.86%-10.38%CRCLB
90 days—+21.21%—

Correlation

0.40over 39 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3690d: 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	BOT	CRCLB
Max drawdown (400d)	-31.0%	-31.5%
Risk-adjusted return (90d)	-0.13	0.25

Relative strength over 90 days: BOT outperformed CRCLB by 14.0% — measured on the BOT/CRCLB ratio, so it holds regardless of market direction.

RoboStrategy (Backpack Securities) →Circle Internet Group (bStocks Tokenized Stock) →