Salesforce, Inc. • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 5331.1× the size of Salesforce, Inc. • Robinhood Token (CRM) by market capitalisation. Their daily returns move barely together (correlation 0.14 across 38 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against CRM's 53%.

Correlation: 0.14
Size ratio: 1 : 5331.1

Salesforce, Inc. • Robinhood TokenCRM

$226.4600

24h: +1.42%
Market cap: $27,225
Volume 24h: $1,236
Volatility (ann.): 53%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$65.9200

24h: -10.18%
Market cap: $145.14M
Volume 24h: $34.28M
Volatility (ann.): 82%

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

Performance

CRMCRCLB

7 days+0.09%-5.56%CRM
30 days-9.12%-9.22%CRM
90 days—+19.24%—

Correlation

0.14over 38 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1590d: 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	CRM	CRCLB
Max drawdown (400d)	-17.3%	-31.5%
Risk-adjusted return (90d)	-0.21	0.23

Relative strength over 90 days: CRM outperformed CRCLB by 4.1% — measured on the CRM/CRCLB ratio, so it holds regardless of market direction.

Salesforce, Inc. • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →