Sandisk Corporation • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 129.1× the size of Sandisk Corporation • Robinhood Token (SNDK) by market capitalisation. Their daily returns move loosely together (correlation 0.38 across 36 shared trading days). SNDK has been the more volatile of the two, at 112% annualised against CRCLB's 82%.

Correlation: 0.38
Size ratio: 1 : 129.1

Sandisk Corporation • Robinhood TokenSNDK

$1,094.24

24h: +0.19%
Market cap: $1.24M
Volume 24h: $750,370
Volatility (ann.): 112%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$74.2100

24h: +0.71%
Market cap: $159.66M
Volume 24h: $26.07M
Volatility (ann.): 82%

SNDK 0.8%Share of the two combined market caps99.2% CRCLB

Performance

SNDKCRCLB

7 days-33.97%-7.34%CRCLB
30 days-36.27%-10.38%CRCLB
90 days—+21.21%—

Correlation

0.38over 36 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4890d: 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	SNDK	CRCLB
Max drawdown (400d)	-42.9%	-31.5%
Risk-adjusted return (90d)	-0.25	0.25

Relative strength over 90 days: CRCLB outperformed SNDK by 8.3% — measured on the SNDK/CRCLB ratio, so it holds regardless of market direction.

Sandisk Corporation • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →