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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 10463.4× the size of Salesforce Tokenized Stock (Reality) (RCRM) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.08 across 26 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against RCRM's 31%.

Correlation: -0.08
Size ratio: 1 : 10463.4

Salesforce Tokenized Stock (Reality)RCRM

$227.9000

24h: +3.48%
Market cap: $14,621
Volume 24h: $3,425
Volatility (ann.): 31%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$68.4700

24h: -8.87%
Market cap: $152.98M
Volume 24h: $41.90M
Volatility (ann.): 82%

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

Performance

RCRMCRCLB

7 days+1.91%-5.56%RCRM
30 days-8.37%-9.22%RCRM
90 days—+19.24%—

Correlation

-0.08over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0890d: 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	RCRM	CRCLB
Max drawdown (400d)	-12.2%	-31.5%
Risk-adjusted return (90d)	-0.27	0.23

Relative strength over 90 days: CRCLB outperformed RCRM by 7.8% — measured on the RCRM/CRCLB ratio, so it holds regardless of market direction.

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