Salesforce xStock vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 290.9× the size of Salesforce xStock (CRMX) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.07 across 26 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against CRMX's 43%.

Correlation: -0.07
Size ratio: 1 : 290.9

Salesforce xStockCRMX

$223.1500

24h: -1.26%
Market cap: $560,678
Volume 24h: $189
Volatility (ann.): 43%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.4400

24h: -0.63%
Market cap: $163.12M
Volume 24h: $36.66M
Volatility (ann.): 82%

CRMX 0.3%Share of the two combined market caps99.7% CRCLB

Performance

CRMXCRCLB

7 days+1.77%-7.34%CRMX
30 days-7.30%-10.38%CRMX
90 days—+21.21%—

Correlation

-0.07over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0790d: 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	CRMX	CRCLB
Max drawdown (400d)	-12.3%	-31.5%
Risk-adjusted return (90d)	-0.17	0.25

Relative strength over 90 days: CRMX outperformed CRCLB by 5.2% — measured on the CRMX/CRCLB ratio, so it holds regardless of market direction.

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