SanDisk (bStocks Tokenized Stock) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 1.5× the size of SanDisk (bStocks Tokenized Stock) (SNDKB) by market capitalisation. Over the past 90 days, CRCLB is ahead by 38.6 percentage points (SNDKB -19.4% against CRCLB +19.2%). Their daily returns move barely together (correlation 0.24 across 147 shared trading days). SNDKB has been the more volatile of the two, at 124% annualised against CRCLB's 82%.

Correlation: 0.24
Size ratio: 1 : 1.5
Ahead over 90 days: CRCLB

SanDisk (bStocks Tokenized Stock)SNDKB

$836.7400

24h: -18.49%
Market cap: $92.40M
Volume 24h: $92.15M
Volatility (ann.): 124%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$66.1700

24h: -10.98%
Market cap: $141.35M
Volume 24h: $35.58M
Volatility (ann.): 82%

SNDKB 39.5%Share of the two combined market caps60.5% CRCLB

Performance

SNDKBCRCLB

7 days-24.62%-5.56%CRCLB
30 days-39.65%-9.22%CRCLB
90 days-19.36%+19.24%CRCLB

Correlation

0.24over 147 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4690d: 0.351y: 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	SNDKB	CRCLB
Max drawdown (400d)	-56.5%	-31.5%
Risk-adjusted return (90d)	-0.22	0.23

Relative strength over 90 days: CRCLB outperformed SNDKB by 32.4% — measured on the SNDKB/CRCLB ratio, so it holds regardless of market direction.

SanDisk (bStocks Tokenized Stock) →Circle Internet Group (bStocks Tokenized Stock) →