ServiceNow aStock vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 283451.2× the size of ServiceNow aStock (ANOW) by market capitalisation. Their daily returns move loosely together (correlation 0.55 across 31 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against ANOW's 42%.

Correlation: 0.55
Size ratio: 1 : 283451.2

ServiceNow aStockANOW

$107.1900

24h: +0.92%
Market cap: $571
Volume 24h: —
Volatility (ann.): 42%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$75.4500

24h: +3.09%
Market cap: $161.92M
Volume 24h: $43.99M
Volatility (ann.): 82%

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

Performance

ANOWCRCLB

7 days+5.17%-5.56%ANOW
30 days+15.64%-9.22%ANOW
90 days—+19.24%—

Correlation

0.55over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5590d: 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	ANOW	CRCLB
Max drawdown (400d)	-5.2%	-31.5%
Risk-adjusted return (90d)	0.37	0.23

Relative strength over 90 days: ANOW outperformed CRCLB by 26.9% — measured on the ANOW/CRCLB ratio, so it holds regardless of market direction.

ServiceNow aStock →Circle Internet Group (bStocks Tokenized Stock) →