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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 24796.9× the size of ServiceNow • Robinhood Token (NOW) by market capitalisation. Their daily returns move barely together (correlation 0.07 across 22 shared trading days). NOW has been the more volatile of the two, at 131% annualised against CRCLB's 83%.

Correlation: 0.07
Size ratio: 1 : 24796.9

ServiceNow • Robinhood TokenNOW

$108.3700

24h: -0.35%
Market cap: $6,071
Volume 24h: $26
Volatility (ann.): 131%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$68.6800

24h: -10.07%
Market cap: $150.55M
Volume 24h: $44.41M
Volatility (ann.): 83%

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

Performance

NOWCRCLB

7 days-31.92%-10.02%CRCLB
30 days—-18.89%—
90 days—+1.70%—

Correlation

0.07over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	NOW	CRCLB
Max drawdown (400d)	-39.4%	-35.4%
Risk-adjusted return (90d)	-0.19	0.02

Relative strength over 90 days: CRCLB outperformed NOW by 16.8% — measured on the NOW/CRCLB ratio, so it holds regardless of market direction.

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