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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 99.3× the size of SanDisk (Coinbase Tokenized Stock) (SNDKC) by market capitalisation. Their daily returns move loosely together (correlation 0.35 across 35 shared trading days). Both have run at a similar volatility, around 86% annualised.

Correlation: 0.35
Size ratio: 1 : 99.3

SanDisk (Coinbase Tokenized Stock)SNDKC

$1,092.1

24h: -0.27%
Market cap: $1.62M
Volume 24h: $22.88M
Volatility (ann.): 90%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.4000

24h: +1.89%
Market cap: $160.82M
Volume 24h: $43.73M
Volatility (ann.): 82%

SNDKC 1.0%Share of the two combined market caps99.0% CRCLB

Performance

SNDKCCRCLB

7 days-24.54%-5.56%CRCLB
30 days-39.46%-9.22%CRCLB
90 days—+19.24%—

Correlation

0.35over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3590d: 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	SNDKC	CRCLB
Max drawdown (400d)	-41.6%	-31.5%
Risk-adjusted return (90d)	-0.46	0.23

Relative strength over 90 days: CRCLB outperformed SNDKC by 35.9% — measured on the SNDKC/CRCLB ratio, so it holds regardless of market direction.

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